Genetic Technologies (AU:GTG) has released an update.
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Genetic Technologies Limited has announced a non-renounceable entitlement offer to raise up to $3.88 million by issuing new shares and options, with a provision for shareholders to purchase additional shares. However, this offer excludes shareholders residing outside of Australia and New Zealand due to the costs and legal complexities involved. The company also reserves the right to place any remaining shares at a minimum price equivalent to the issue price within three months after the offer closes.
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