Andromeda Metals Limited (AU:ADN) has released an update.
Andromeda Metals Limited has launched a non-renounceable entitlement offer for existing shareholders, allowing them to purchase additional shares at $0.012 each, with an accompanying free option, to fund the advancement of the Great White Project. The offer opens today and is set to close on 23 September 2024. The funds raised will be used for engineering, product development, and various supporting activities for the project, as well as for working capital purposes.
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