Bastion Minerals Ltd (AU:BMO) has released an update.
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Bastion Minerals Ltd announces a non-renounceable rights issue, offering approximately 214.3 million new shares at $0.007 each to raise up to $1.5 million. Shareholders will also receive free options, with one new option granted for every three new shares subscribed. The rights issue aims to invite current eligible shareholders to invest further in the company, underlining the speculative nature of the investment.
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