Lepidico Limited (AU:LPD) has released an update.
Lepidico Ltd is launching a 1:5 pro-rata renounceable rights issue to raise approximately $5.73 million, offering shareholders new shares at $0.003 each and attaching options. The capital raised will support financing arrangements for its Phase 1 Project, business development, and general working capital. Shareholders outside Australia, New Zealand, or Canada (Ontario) will not participate but will have their entitlements sold by a nominee, with net proceeds distributed back to them.
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