Tempest Minerals Limited (AU:TEM) has released an update.
Tempest Minerals Limited is offering shareholders the opportunity to increase their investment through a pro-rata non-renounceable entitlements issue, aiming to raise approximately $830,599 by offering new shares at $0.008 each. The funds raised will be channeled towards exploration of the company’s projects in Western Australia, covering expenses of the offer, and for general working capital. The offer, which is not available to overseas shareholders, will see new shares ranked equally with existing shares and will not be traded on the ASX.
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