PhosCo Ltd ( (AU:PHO) ) has provided an announcement.
PhosCo Ltd has announced the opening of offers under its recently lodged prospectus, which includes a pro rata, non-renounceable rights issue and several other financial instruments aimed at raising capital. The Entitlement Offer is fully underwritten by Westar Capital Limited, and the company aims to raise approximately $5,035,073 through the issuance of new shares. This move is expected to bolster PhosCo’s financial standing and provide additional investment opportunities for eligible shareholders, potentially impacting the company’s market positioning and shareholder value.
More about PhosCo Ltd
PhosCo Ltd operates in the financial sector and is listed on the Australian Securities Exchange (ASX: PHO). The company focuses on offering financial services and investment opportunities, with a market focus on shareholders in Australia, New Zealand, and Guernsey.
YTD Price Performance: 8.33%
Average Trading Volume: 91,598
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$25.14M
For detailed information about PHO stock, go to TipRanks’ Stock Analysis page.