Peregrine Gold Ltd. (AU:PGD) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Peregrine Gold Ltd. is launching a non-renounceable entitlement issue to raise approximately $2.5 million, offering shareholders one new share for every four held at a 15.25% discount. The company is also granting one free three-year option for each new share, intending to use the funds for exploration activities in Pilbara and general working capital. The offer is open to eligible shareholders in Australia and New Zealand, with the possibility of applying for additional shares from any shortfall.
For further insights into AU:PGD stock, check out TipRanks’ Stock Analysis page.