Emu NL (AU:EMU) has released an update.
Emu NL has announced the dispatch of its non-renounceable rights issue prospectus following the initial announcement on May 29, 2024, allowing shareholders to purchase additional shares at $0.025 each in an effort to raise approximately $1.2 million. Shareholders have the option to apply for additional shares if they purchase their full entitlement, with the offer closing on June 26, 2024. The rights issue aims to enable shareholders to increase their investment in the company at a predetermined price, and the company encourages electronic participation and communication.
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