Raiden Resources (ASX:RDN / DAX:YM4) closes non-renounceable entitlement offer - Kalkine Media

June 08, 2023 01:55 PM AEST | By Manisha

Raiden Resources (ASX:RDN / DAX:YM4) closes non-renounceable entitlement offer — Image source: © Allisgood76 | Megapixl.com

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Highlights

Raiden Resources closed a non-renounceable entitlement issue on 1 June 2023, pursuant to its prospectus dated 11 April 2023.

The offer allowed shareholders to subscribe for one fully paid ordinary share for every four fully paid ordinary shares held at an issue price of AU$0.003 per new share.

RDN raised AU$602,059.81 before costs after receiving applications from eligible participants.

In the latest announcement, dual-listed exploration company Raiden Resources (ASX:RDN / DAX:YM4) revealed that the non-renounceable entitlement issue, pursuant to its prospectus dated 11 April 2023, closed on 1 June 2023.

As per the entitlement issue, the eligible shareholders, registered on the record date, were offered to subscribe for one fully paid ordinary share for every four fully paid ordinary shares held at an issue price of AU$0.003 per new share.

RDN raised AU$602,059.81 before costs through the offer.

The shares subscribed for under the entitlement offer will be allotted and holding statements would be dispatched to subscribers on 8 June 2023.

Data source: RDN update, dated 3 April 2023

RDN stock last traded at AU$0.004 on 07 June 2023, with a market cap of over AU$7.4 million.

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