AusQuest Limited (AU:AQD) has released an update.
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AusQuest Limited has announced a non-renounceable pro-rata rights issue to raise up to $2,643,678, offering 2 new shares for every 5 held at $0.008 each, with a free option for every 2 shares purchased. Eligible shareholders and third-party investors can also subscribe for any shortfall from the rights offer, which is set to close on November 4, 2024. The company advises that this investment is speculative and encourages consulting professional advisors.
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