Cavalier Resources Limited (AU:CVR) has released an update.
Cavalier Resources Limited has announced a non-renounceable pro-rata entitlement offer of shares aimed at raising approximately $1.735 million. The offer is set at $0.12 per share, available to eligible shareholders in Australia and New Zealand, and is not expected to significantly alter the company’s control. The initiative seeks to maintain proportional ownership among current investors without necessitating a public disclosure.
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