Geopacific Resources Limited (AU:GPR) has released an update.
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Geopacific Resources Limited has announced a pro-rata renounceable entitlement offer, providing eligible shareholders the opportunity to acquire 1.69 new shares for each share they hold. This move, which aims to raise capital, is structured to minimize the effect on the company’s control, depending on shareholder participation. The offer could result in the dilution of shares for those not participating, while allowing others to increase their holdings.
For further insights into AU:GPR stock, check out TipRanks’ Stock Analysis page.
