Megado Minerals Launches $1.5M Entitlement Offer

Megado Gold Ltd. (AU:MEG) has released an update.

Megado Minerals Limited (ASX:MEG) has announced a non-renounceable entitlement offer to raise up to $1.527 million, issuing 1 new share for every 2 existing shares at $0.012 per share. The funds will support exploration at the Iberian Copper Project, Canadian lithium projects, and general working capital. Eligible shareholders in Australia, New Zealand, and Spain are invited to participate, with the offer closing on 27 November 2024.

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