Peako Limited Announces Capital Raise and Board Revamp

Peako Limited (AU:PKO) has released an update.

Peako Limited has announced a 2 for 3 Rights Issue to raise $1.054 million at $0.003 per share, aiming to fund exploration and new project opportunities. The issue is fully underwritten by Peloton Capital, with generous terms including 1 option for every 2 shares subscribed, exercisable at $0.0075 until 2027. Following the capital raise, the company will see board changes, including the appointment of Mr Gernot Abl as Non-Executive Chairman and Dr Louis Bucci as Non-Executive Director.

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