Patagonia Lithium Limited (AU:PL3) has released an update.
Patagonia Lithium Limited has announced a new securities issue consisting of convertible notes and two sets of options, all with different exercise prices and expiry dates, which are slated for issuance on July 12, 2024. The release indicates a proposed issue of 400,000 convertible notes at a $0.09 conversion price and over 2.9 million options with a $0.15 exercise price, aiming to strengthen the company’s financial position.
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