Emu NL (AU:EMU) has released an update.
Emu NL has launched a fully underwritten 3:5 non-renounceable rights issue at $0.025 per share, aiming to raise around $1.2 million for further exploration at their Georgetown Project’s Fiery Creek Copper Prospect. Shareholders in Australia and New Zealand are eligible to participate, with the opportunity to apply for additional shares through a shortfall offer. The company has emphasized the importance of shareholders updating their contact details to receive all relevant information regarding this capital raising initiative.
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