ASX:SRLMetals and Mining
Is Sunrise Energy Metals' (ASX:SRL) A$51m Equity Raise Quietly Redefining Its Capital Strategy?
Sunrise Energy Metals Limited has recently completed two follow-on equity offerings, raising a combined A$51.37 million through the issue of 8,850,000 ordinary shares, including securities with attached options and subsequent direct listings, and has also applied for quotation of 18,759 new fully paid ordinary shares on the ASX following option exercises.
This combination of sizeable capital raisings and incremental option conversions reshapes the company’s capital structure, with...