Coda Minerals Ltd (AU:COD) has released an update.
Coda Minerals Ltd is set to raise up to $2 million through a fully underwritten entitlement offer, with options for oversubscriptions up to an additional $1 million, to fund the Elizabeth Creek Copper-Cobalt Project development and other corporate purposes. Shareholders have the chance to acquire one new share at $0.07 each for every six shares owned, plus a free option exercisable at $0.15. The company emphasizes the offer as a strategic opportunity for shareholders to participate in Coda’s growth at an attractive price point.
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