Lycaon Resources Ltd. (AU:LYN) has released an update.
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Lycaon Resources Ltd. has announced a new securities issue slated for 10th May 2024, consisting of over 8.9 million ordinary shares and approximately 1.34 million broker options exercisable at $0.42, set to expire three years from the date of issue. This proposed financial move aims to generate capital through a placement or other securities offering, pending approval and quotation on the ASX under the company’s code LYN.
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