Cann Group Ltd. (AU:CAN) has released an update.
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Cann Group Ltd. has outlined a non-renounceable rights issue offer to raise approximately $6.25 million, allowing eligible shareholders to buy new shares and receive associated options at no extra cost. The offer includes one new share for every three held by a shareholder, with the option to acquire additional shares through a Top Up Offer, and if necessary, a subsequent Shortfall Offer managed by the board. The new options are exercisable at $0.08 each within 24 months from the issue date and are designed for a specific class of investors, detailed in the company’s Prospectus.
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