Brief: Raiden Resources To Undertake Non-Renounceable Rights Issue Placement To Raise Up To A$1.241M

Raiden Resources

03/04/2023 02:26

April 3 (Reuters) - Raiden Resources Ltd  RDN.AX :
    * UNDERTAKE 1:4 NON-RENOUNCEABLE RIGHTS ISSUE PLACEMENT AT
A$0.003
PER SHARE TO RAISE UP TO A$1.241M
    * ENTERED INTO NON-BINDING AT-THE-MONEY FINANCING TERM SHEET
WITH
8 EQUITY PTY LTD
    * UNDER TERM SHEET 8 EQUITY WILL PROVIDE CO WITH ATM
FACILITY TO
RAISE UP TO A$2M OVER PERIOD OF 3 YEARS

Source text for Eikon:  ID:nASX7s1DXN 
Further company coverage:  RDN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))