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Patagonia Lithium Limited ( (AU:PL3) ) has provided an announcement.
Patagonia Lithium Ltd has announced the dispatch of its prospectus for a fully underwritten pro-rata non-renounceable entitlement offer, allowing eligible shareholders to purchase new shares at a set price. This move aims to raise capital for the company, potentially impacting its market position by expanding its shareholder base and providing additional funds for its operations. The entitlement offer is open to shareholders in specific regions, excluding the United States, and includes a top-up option for those who wish to acquire more shares if the offer is undersubscribed.
More about Patagonia Lithium Limited
Patagonia Lithium Ltd is a company operating in the lithium industry, focusing on the exploration and development of lithium resources. The company is primarily engaged in the production and supply of lithium, which is a critical component in the manufacturing of batteries, particularly for electric vehicles and renewable energy storage solutions.
Average Trading Volume: 69,806
Technical Sentiment Signal: Sell
Current Market Cap: A$5.13M
See more insights into PL3 stock on TipRanks’ Stock Analysis page.