Connected IO Ltd. (AU:CIO) has released an update.
Connected IO Limited, which is rebranding to Connected Minerals Limited, has launched a non-renounceable entitlement offer to raise approximately $2.7 million by offering existing shareholders the opportunity to purchase 8.5 new shares for every 10 shares held at a price of $0.20 each. The offer, detailed in a recently dispatched prospectus, excludes shareholders outside of Australia, New Zealand, and Hong Kong due to regulatory costs and is set to close on September 18, 2024.
For further insights into AU:CIO stock, check out TipRanks’ Stock Analysis page.
