Eclipse Metals Ltd. (AU:EPM) has released an update.
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Eclipse Metals Ltd has announced a non-renounceable rights issue to raise approximately $1.14 million by offering up to 571,963,881 new shares to eligible shareholders at a price of $0.002 per share. This move allows current shareholders to maintain their stake without dilution if they fully subscribe, with additional shares available under a shortfall offer. The company assures that the issuance will not significantly alter control dynamics.
For further insights into AU:EPM stock, check out TipRanks’ Stock Analysis page.
