Farm Pride Foods Limited (AU:FRM) has released an update.
Farm Pride Foods Ltd is set to bolster its finances through a $6.17 million Rights Issue, offering shareholders the chance to buy new shares at $0.10 each. This capital raising initiative allows current investors to purchase additional shares proportionate to their existing holdings, with the potential to double their entitlement subject to certain conditions. The event’s timetable leading up to the Rights Issue has been released, detailing key dates from the lodgement of offer documents to the closing date of the initiative.
For further insights into AU:FRM stock, check out TipRanks’ Stock Analysis page.
