Red Hawk Mining Limited (ASX: RHK) has unveiled a non-renounceable Entitlement Offer, granting Eligible Shareholders the opportunity to invest in the company's growth by raising up to AU$6.3 million before expenses. Notably, major shareholders have shown unwavering support, with commitments already securing AU$5.1 million, accounting for a significant 80.2% of the issue.
The proceeds from this Entitlement Offer will be allocated to propel the Blacksmith Project forward. This includes financing metallurgical test work, completing a pre-feasibility study, and covering expenses related to permitting, general working capital, and the costs associated with the Offer and Buy-Back. Red Hawk Mining's Entitlement Offer is set at an attractive price of AU$0.45 per new share, representing a substantial 28% discount compared to the last closing price of AU$0.625 and a compelling 30% discount relative to the 15-day VWAP of AU$0.640.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
