Cobre Limited Issues New Shares to Raise Capital
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Cobre Limited has announced the issuance of 3,750,000 shares at $0.04 each as part of a capital raising initiative. This action aligns with the Corporations Act and aims to enhance the company's market position. Cobre Limited, listed on the ASX (AU:CBE), operates in the mining sector, focusing on mineral resource exploration and development. The current market cap stands at A$18.46 million, with an average trading volume of 529,098 shares.
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