BlackEarth Minerals NL (AU:EVG) has released an update.
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Evion Group NL has announced a non-renounceable pro-rata entitlement offer, allowing shareholders to purchase one new share for every three shares held, at $0.023 per share, aiming to raise approximately $2.69 million. The offer could potentially lead to shareholder dilution if not fully subscribed, but eligible shareholders have the option to purchase additional shares from any shortfall. This strategic move could influence investor interest and trading dynamics in the company’s stock.
For further insights into AU:EVG stock, check out TipRanks’ Stock Analysis page.
