Connected IO Ltd. (AU:CIO) has released an update.
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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.
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