Poseidon Nickel Limited (AU:POS) has released an update.
Poseidon Nickel Limited has announced an extension of the closing date for its entitlement offer to August 27, 2024, to give shareholders additional time to participate following the recent ‘Gold Prospectivity enhanced at Black Swan and Lake Johnston’ announcement. The offer aims to raise $3,713,535 before costs, allowing eligible shareholders to purchase new shares at $0.003 each, with bonus options attached. This development comes as part of the company’s strategy to grow reserves and resources for the planned restart of its processing operations in Western Australia.
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