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SensOre Ltd ( (AU:PLC) ) has provided an announcement.
Premier1 Lithium Limited, soon to be renamed Erebus Resources Limited, has issued a supplementary prospectus to provide additional information to investors and shareholders. The company is focused on lithium resources and is undergoing changes to its control structure through an Entitlement Offer and Shortfall Offer, which is partially underwritten. This could potentially increase the Underwriter’s voting power to 35% if no other shareholders participate. The funds raised will be allocated to heritage surveys, drilling projects, and general working capital, with a significant focus on the Yalgoo and Abbotts North Projects.
More about SensOre Ltd
Technical Sentiment Signal: Sell
Current Market Cap: A$5.89M
For a thorough assessment of PLC stock, go to TipRanks’ Stock Analysis page.