ALUULA Composites Announces C$2.5M Rights Offering

Aluula Composites Inc (TSE:AUUA) has released an update.

ALUULA Composites Inc. is launching a rights offering to raise up to C$2.5 million, with a standby commitment of C$1.5 million. The proceeds will be used for debt repayment, equipment purchase, and general corporate purposes. The rights will be available for trading on the TSX Venture Exchange and are set to expire on January 21, 2025.

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