Si6 Metals Limited (AU:SI6) has released an update.
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Si6 Metals Limited is set to raise approximately $1.29 million through a non-renounceable pro-rata entitlement offer of new shares, priced at $0.001 each, for existing shareholders in Australia and New Zealand. The offer allows shareholders to purchase one new share for every two shares they hold, aiming to maintain proportional ownership and control of the company. The offer details can be found in the document released to the ASX and are expected to not materially affect the company’s control.
For further insights into AU:SI6 stock, check out TipRanks’ Stock Analysis page.