Cauldron Energy Limited (AU:CXU) has released an update.
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Cauldron Energy Limited invites its shareholders to engage in a pro-rata non-renounceable rights issue, aiming to raise up to $2,024,232 by offering additional shares and options. Funds from this capital raise are intended for the advancement of the Yanrey Uranium project, sustaining existing projects, and general working capital. The offer, underwritten by Canaccord Genuity, is exclusive to shareholders in select regions and is accessible online, with no hard copies dispatched.
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