Farm Pride Foods Limited (AU:FRM) has released an update.
Farm Pride Foods Limited announces a rights issue to raise approximately $6.17 million by offering three new shares for every seven held, priced at $0.10 each, exclusively to shareholders in select jurisdictions. The offer, which is fully underwritten by Willow Heights Pty Ltd, is considered highly speculative and is made without a prospectus, falling under specific regulations of the Corporations Act 2001.
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