Cavalier Resources Launches Rights Issue

Cavalier Resources Limited (AU:CVR) has released an update.

Cavalier Resources Limited has announced a rights issue to raise up to $1.735 million by offering shareholders the opportunity to purchase one new share for every three they own at $0.12 each. Shareholders can apply for additional shares through a shortfall offer, with the offer closing on October 9, 2024. Details and documents related to the offer are available on the company’s and ASX’s websites, with options for online or paper application.

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