Apollo Minerals Limited (AU:AON) has released an update.
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Apollo Minerals Limited is launching a non-renounceable pro-rata entitlement issue, allowing eligible shareholders to purchase one new share for every three existing ones at $0.014 per share, aiming to raise approximately $3.25 million. The offer is structured to maintain existing shareholder control unless there is a shortfall, in which case some dilution may occur. This strategic move could pique interest among investors considering the potential impact on shareholder distribution and market dynamics.
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