Jindalee Resources Limited (AU:JLL) has released an update.
Jindalee Lithium Limited is set to close its Entitlement Offer and Top-Up Offer on 2 August 2024, aiming to raise $3.14 million to fund the Pre-Feasibility Study of the McDermitt Lithium Project and other corporate activities. Shareholders who held shares before 15 July 2024 are invited to purchase new shares at $0.30 each and can apply for additional shares, which may be scaled back based on availability. CEO Ian Rodger highlights the strategic value of the McDermitt Project as the largest lithium resource in the USA.
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