Cauldron Energy Limited (AU:CXU) has released an update.
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Cauldron Energy Limited has announced a pro-rata non-renounceable rights issue, offering shareholders one new share for every eleven held, at $0.018 each, accompanied by free options to raise up to $2,024,232. The capital raised will fund the advancement of the Yanrey Uranium project, maintain existing projects, evaluate new opportunities, and provide working capital. The offer, underwritten by Canaccord Genuity, is open to eligible shareholders in specified regions and will not be available in hard copy form.
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