- R3D Resources (R3D) is in the green today following its relisting on the ASX
- The relisting follows a $4.25 million recapitalisation, when shares were offered at 20 cents apiece
- R3D last traded in early 2020 and during this time transitioned into a gold-copper explorer via the acquisition of Tartana Resources
- Tartana owns a number of assets in the Chillagoe region in Northern Queensland, which R3D is planning to develop
- R3D is trading at 22 cents per share at 1:50 pm AEST
R3D Resources (R3D) shares are in the green today following the company’s relisting on the ASX.
The relisting follows a $4.25 million recapitalisation, where shares were offered at 20 cents per share.
R3D last traded on the exchange in early 2020 and during this time began transitioning into a gold-copper explorer via the acquisition of Tartana Resources.
Tartana owns a number of assets in the Chillagoe region in Northern Queensland, which R3D is planning to develop.
R3D has more than 108 million shares on issue, representing a market capitalisation of $21.7 million.
Managing Director Stephen Bartrop is pleased with the re-listing.
“We look forward to recommencing exploration activities shortly. Our projects are first class, and we thank the existing and new shareholders for their support. We look forward to the journey ahead,” Dr Bartrop said.
Before moving to materials, R3D was focused on its media and investors relations business, called R3D Global, which operated in Australia and Asia.
R3D was trading at 22 cents per share at 1:50 pm AEST.