Lepidico Limited (AU:LPD) has released an update.
Lepidico Ltd announces a rights issue aiming to raise $5.7 million to fund its Phase 1 Project, including lender due diligence and strategic partnerships, positioning the company to capitalize on the new lithium cycle. The offer, priced at an attractive 0.3 cents per share, includes one free option for every two shares, with a 30-month term and an exercise price of 0.9 cents. The funds are intended for completing financing arrangements, advancing business development, and securing a strategic partner for lithium mica deposit collaborations.
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