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Infini Resources Ltd. ( (AU:I88) ) just unveiled an announcement.
Infini Resources Limited has announced a non-renounceable pro-rata entitlement offer to its eligible shareholders, allowing them to acquire one loyalty option for every four existing shares held. The offer aims to raise approximately $533,000 and is part of a broader strategy to enhance shareholder value, with the loyalty options exercisable at $0.27 each and expiring in September 2028. This move is expected to strengthen the company’s capital base and provide additional financial flexibility, potentially impacting its market positioning positively.
More about Infini Resources Ltd.
Infini Resources Limited operates in the resources industry, focusing on the acquisition and development of resource-based projects. The company is listed on the Australian Securities Exchange (ASX) under the ticker I88.
Average Trading Volume: 800,332
Technical Sentiment Signal: Buy
Current Market Cap: A$40.56M
See more data about I88 stock on TipRanks’ Stock Analysis page.