Lepidico Limited (AU:LPD) has released an update.
Lepidico Ltd has successfully completed its renounceable rights issue, raising a total of $2.85 million, with the issuance of over 950 million new shares and 475 million new options. The company acknowledged the support from shareholders amidst tough market conditions and noted the participation of its directors and management in the offer, reinforcing their confidence in the company’s future. These funds, along with existing cash reserves, are earmarked for advancing Phase 1 Project financing, evaluating potential large-scale lithium mica deposits, and general working capital.
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