Flynn Gold Ltd. (AU:FG1) has released an update.
Flynn Gold Ltd. has initiated a renounceable rights issue to raise up to A$2.5 million for advancing its Trafalgar gold discovery in Tasmania, with the issue partially underwritten to A$750,000. Shareholders have the opportunity to acquire new shares at A$0.03 each and receive one free option for every two new shares subscribed, with options exercisable at A$0.075 over two and a half years. The offer, open until April 30, 2024, allows trading of rights and the application for additional shares and options.
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