Encounter Resources Limited (AU:ENR) has released an update.
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Encounter Resources Limited has successfully raised $15 million through a share placement priced at $0.35 per share, issuing over 42 million new shares. Existing shareholders are also offered a chance to purchase additional shares at the same price through a Share Purchase Plan, aiming to raise an additional $3 million. This financial maneuver supports Encounter’s ambitious exploration projects in copper and critical minerals across Australia.
For further insights into AU:ENR stock, check out TipRanks’ Stock Analysis page.
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