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Altamin Limited ( (AU:AZI) ) has provided an update.
Altamin Limited has announced an accelerated non-renounceable entitlement offer to raise approximately $6.46 million. The funds will be used primarily for the development of the Lazio Project and maintaining the Gorno Project, with strong support from its largest shareholder, the Victor Smorgon Group, which has committed to a significant portion of the offer. This financial move aims to enhance Altamin’s strategic direction and project appeal, potentially impacting its market positioning and shareholder value.
More about Altamin Limited
Altamin Limited is a company operating in the mining industry, focusing on project development and exploration activities. Its primary projects include the Lazio Project and the Gorno Project, with a market focus on advancing these projects and seeking potential joint ventures or sales.
YTD Price Performance: 63.64%
Average Trading Volume: 198,841
Technical Sentiment Signal: Buy
Current Market Cap: A$20.68M
Learn more about AZI stock on TipRanks’ Stock Analysis page.