Cauldron Energy Limited (AU:CXU) has released an update.
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Cauldron Energy Limited has launched an entitlement offer to raise up to $2,024,232 by issuing new shares and options to eligible shareholders. The offer, underwritten by Canaccord Genuity, allows shareholders to purchase one new share for every six held, at $0.009 each, and one free option for every four shares subscribed. The raised funds are intended for advancing the company’s uranium project, maintaining existing projects, evaluating new opportunities, and general working capital.
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