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An update from Patagonia Lithium Limited ( (AU:PL3) ) is now available.
Patagonia Lithium Ltd has announced a fully underwritten pro-rata non-renounceable entitlement offer to raise funds for its ongoing drilling program in Argentina and to expand its Mineral Resource Estimate. The offer, priced at A$0.045 per new share, will issue approximately 59.7 million new shares, and the funds will also support general working capital purposes.
More about Patagonia Lithium Limited
Patagonia Lithium Ltd is involved in the lithium industry, focusing on the exploration and development of lithium resources. The company is primarily engaged in drilling programs in Argentina and aims to expand its Mineral Resource Estimate.
Average Trading Volume: 77,823
Technical Sentiment Signal: Sell
Current Market Cap: A$4.54M
See more insights into PL3 stock on TipRanks’ Stock Analysis page.