PhosCo Ltd ( (AU:PHO) ) has issued an announcement.
PhosCo Ltd has announced a non-renounceable entitlement offer to raise approximately $5 million through the issuance of new shares, fully underwritten by Westar Capital Limited. The company is also providing a placement facility for oversubscriptions and conversion options for note holders, but these offers are not extended to shareholders outside Australia, New Zealand, and Guernsey due to compliance costs.
More about PhosCo Ltd
PhosCo Ltd operates in the resources sector, focusing on the development and production of phosphate-based products. The company is engaged in initiatives to expand its market presence and enhance shareholder value.
YTD Price Performance: 8.33%
Average Trading Volume: 91,598
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$25.14M
For an in-depth examination of PHO stock, go to TipRanks’ Stock Analysis page.