Lepidico Limited (AU:LPD) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Lepidico Ltd has successfully completed its renounceable rights issue, raising a total of $2.85 million, with the issuance of over 950 million new shares and 475 million new options. The company acknowledged the support from shareholders amidst tough market conditions and noted the participation of its directors and management in the offer, reinforcing their confidence in the company’s future. These funds, along with existing cash reserves, are earmarked for advancing Phase 1 Project financing, evaluating potential large-scale lithium mica deposits, and general working capital.
For further insights into AU:LPD stock, check out TipRanks’ Stock Analysis page.
