Manhattan Corporation Launches $1.5 Million Capital Raise

Manhattan Corporation Limited (AU:MHC) has released an update.

Manhattan Corporation Limited is engaging in a capital raising venture through a 1 for 2 non-renounceable entitlement offer at $0.001 per share, aiming to generate $1.5 million for project development, with no underwriting involved. The offer is exclusive to qualifying shareholders, with a subsequent planned consolidation of securities at a 20:1 ratio. Funds are earmarked for drilling, geophysics, soils, and general corporate purposes.

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