Latest Riedel Resources (ASX:RIE) News

Riedel Resources Limited has launched a Share Purchase Plan offering eligible shareholders the chance to buy new shares at a 7.4% discount, aiming to raise up to A$300,000 to fund exploration activities at its Kingsman Project in Arizona.

Riedel Resources launches a $1.3 million capital raise through a two-tranche placement and a Share Purchase Plan to advance its high-grade Kingman Gold Project in Arizona.

Riedel Resources has increased its ownership in the Kingman Project to 90%, completed a key cultural survey, and is actively exploring toll treatment options and new projects to expand its portfolio.