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Indiana Resources Launches Share Entitlement Issue
Company Announcements

Indiana Resources Launches Share Entitlement Issue

Indiana Resources Limited (AU:IDA) has released an update.

Indiana Resources Limited announces a non-renounceable entitlement issue, offering one new share for every thirty existing shares at $0.07 each to raise approximately $1.44 million. Shareholders registered by the Record Date can participate in the offer, which closes on 11 June 2024. The company advises potential investors to consider the speculative nature of the shares and consult their professional advisers.

For further insights into AU:IDA stock, check out TipRanks’ Stock Analysis page.

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