Rimfire Pacific Mining Issues Cleansing Prospectus for Share Liquidity

Rimfire Pacific Mining Limited ( (AU:RIM) ) has issued an update.

Rimfire Pacific Mining Limited has issued a Cleansing Prospectus to offer up to 10,000 shares at $0.03 each, aiming to raise $300 before expenses. This prospectus is designed to remove trading restrictions on previously issued shares, allowing for greater liquidity and flexibility in the market. The offer is available only to those personally invited, and the shares are considered highly speculative, reflecting the company’s strategic move to enhance its market operations.

More about Rimfire Pacific Mining Limited

Rimfire Pacific Mining Limited is a company involved in the mining industry, focusing on the exploration and development of mineral resources. The company operates primarily in Australia and is engaged in identifying and developing mineral deposits.

YTD Price Performance: -27.50%

Average Trading Volume: 1,127,974

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$71.89M

Learn more about RIM stock on TipRanks’ Stock Analysis page.