Total
0
Shares
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • R3D Resources (R3D) is getting ready to re-list on the ASX after raising $4.25 million from a public offering
  • The company last traded on the exchange in early 2020, and is due to begin trading again on July 21
  • R3D is planning to transition to a gold-copper explorer though the acquisition of Tartana Resources
  • The business, formerly known as R3D Global, previously focussed on investor and media relations across Australia and Asia
  • Shares in R3D last traded at 5.5 cents each in late February 2020

R3D Resources (R3D) is getting ready to re-list on the ASX after raising $4.25 million from a public offering.

The company expects to begin trading on the exchange again on July 21, after being suspended for close to 18 months.

During that time R3D has begun transitioning into a gold-copper explorer, via the planned acquisition of Tartana Resources.

The business owns a number of assets in the Chillagoe Region in North Queensland, which R3D wants to develop.

Before it moved into materials, R3D had been focussed on its media and investors relations business, called R3D Global, which operated in Australia and Asia.

Commenting on the relisting and its recently closed public offer, R3D Incoming Managing Director Stephen Bartrop said the business was off to a good start.

“The public offer was well subscribed and satisfaction of the ASX conditions for re-listing are well advanced,” Mr Bartrop said.

“We look forward to trading in the shares commencing on or about July 21 2021.”

Under the recent public offer, shares in R3D were offered at 20 cents per share.

Shares in R3D last traded at 5.5 cents each in late February 2020.

R3D by the numbers
More From The Market Herald
Trek Metals (ASX:TKM) -

" Trek Metals (ASX:TKM) plans capital raise after potential VMS discovery

Trek Metals (TKM) has entered a trading halt while it plans an upcoming capital raise.
YPB Group (ASX:YPB) - Executive Chairman, John Houston

" YPB Group (ASX:YPB) begins week in trading halt

YPB Group (YPB) has begun the week in a trading halt while it considers, plans and executes a capital raising.

" Star Entertainment Group (ASX:SGR) hit with shareholder class action

The Star Entertainment Group (SGR) is facing a class action lawsuit from its shareholders after a recent plunge in
ELMO Software (ASX:ELO) - CEO, Danny Lessem

" ELMO Software (ASX:ELO) launches new COVID-19 tracking module

ELMO Software (ELO) has launched a new module, enabling businesses to track employee’s COVID-19 vaccination and test status.