Connected IO Ltd. (AU:CIO) has released an update.
Connected Minerals Limited announces plans to raise $5.2 million through a mix of an entitlement offer and a placement offer, both priced at $0.20 per share. The entitlement offer aims to gather $2.7 million by offering existing shareholders the chance to buy additional shares, while the placement offer targets raising $2.5 million from new investors. These offers, detailed in the company’s latest prospectus, are part of their strategy to comply with listing regulations and to support further development.
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