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The latest announcement is out from Conico Limited ( (AU:CNJ) ).
Conico Limited announced updates on its capital raising plans, having raised a total of $1.405 million through converting loans. The funds will support a drilling program at the Mount Thirsty Joint Venture Project and provide working capital. The company is also planning a fully underwritten entitlement offer to raise approximately $2.1 million, with a revised record date of December 17, 2025, following a planned share consolidation. This financial restructuring aims to strengthen Conico’s market position and operational capabilities.
More about Conico Limited
Conico Limited is an Australian company involved in the mining industry, focusing on exploration and development projects. Its primary activities include the Mount Thirsty Joint Venture Project, which is a significant aspect of its operations.
Average Trading Volume: 1,219,870
Current Market Cap: A$2.99M
For detailed information about CNJ stock, go to TipRanks’ Stock Analysis page.