Thunderbird Resources Seeks $4.1M Capital Boost

Thunderbird Resources (AU:THB) has released an update.

Thunderbird Resources Limited has launched a capital raising initiative projected to gather approximately $4.1 million, comprising a $2.77 million entitlement offer and a $1.35 million private placement to sophisticated investors. The entitlement offer will allow current shareholders to purchase one new share for every two held at a price of $0.03 each, with an additional option to acquire extra shares. This capital increase is expected to dilute existing shareholders’ stakes, particularly due to the placement, although the board anticipates no significant change in company control.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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