GTI Resources Ltd (AU:GTR) has released an update.
GTI Resources Ltd is launching a pro-rata non-renounceable rights entitlement offer, aiming to raise $2.04 million to fund uranium project development in Wyoming and Utah, and for working capital. The offer includes new shares priced at $0.004 each, with a free attaching option for every three shares subscribed, and new options for existing option holders at $0.001 each. Lead manager CPS Capital Group Pty Ltd has agreed to partially underwrite the offer up to $1.6 million.
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