SHAKE THE TIN
Alchemy Resources Ltd (ASX: ALY) has announced a $3.1 million capital raise.
When an ASX-listed company announces a capital raising, it generally means it is selling more shares to raise money.
More often than not, the shares are sold at a discount to the company’s share price at the time to entice new and existing investors.
Shares of Alchemy Resources traded flat following the announcement.
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