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Kopore Metals Ltd ( (AU:EEL) ) has shared an announcement.
ENRG Elements Limited, listed on the ASX, has announced a renounceable pro rata entitlement offer to raise up to approximately $1.6 million. The offer is structured to provide one new share for every two existing shares at a price of $0.001 per new share, along with one free attaching option for every two new shares subscribed. The entitlement offer is partially underwritten by Mahe Capital Pty Ltd and is available to shareholders with registered addresses in Australia, New Zealand, or the People’s Republic of China. Ineligible shareholders, those outside these regions, will have their entitlements managed by Mahe Capital, which will attempt to sell these entitlements and distribute any net proceeds back to them. This move aims to streamline compliance with regulatory requirements and manage costs effectively.
More about Kopore Metals Ltd
Technical Sentiment Signal: Sell
Current Market Cap: A$4.88M
For detailed information about EEL stock, go to TipRanks’ Stock Analysis page.