Enterprise Metals Limited (AU:ENT) has released an update.
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Enterprise Metals Limited is launching a non-renounceable entitlement offer to raise approximately $1.42 million, issuing 1 new share at $0.004 each for every 2.5 existing shares, with an additional free option per new share. These funds are intended for exploration at the Eneabba East Project, other projects, general working capital, and covering the costs of the offer. The offer is exclusive to shareholders in Australia, New Zealand, and Hong Kong, excluding ineligible foreign shareholders due to regulatory costs.
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