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Patagonia Lithium Limited ( (AU:PL3) ) has issued an update.
Patagonia Lithium Limited has announced the dispatch of its prospectus for a fully underwritten pro-rata non-renounceable entitlement offer, allowing eligible shareholders to acquire new shares. The offer aims to raise capital by issuing three new shares for every seven held, priced at A$0.08 each. The offer is open to shareholders in specific regions and excludes those in the United States. Shareholders who do not participate will face dilution, while those who fully subscribe may apply for additional shares if the offer is undersubscribed.
More about Patagonia Lithium Limited
Patagonia Lithium Limited operates in the lithium industry, focusing on the exploration and development of lithium resources. The company is primarily involved in the production of lithium, a key component in batteries, with a market focus on regions including Australia, New Zealand, Argentina, and China.
YTD Price Performance: -8.75%
Average Trading Volume: 177,139
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.46M
Find detailed analytics on PL3 stock on TipRanks’ Stock Analysis page.