Mount Ridley Mines Limited has completed its entitlement offer, raising $190,910 and issuing 95.5 million new shares, and has applied to list these shares on the Australian Securities Exchange (ASX).

Mount Ridley Mines Ltd is facing a precarious financial situation, with a plummeting share price and uncertain future viability, as it struggles to prove the success of its Murchison project and execute its diversification strategy.