Peako Limited Announces Shareholder Rights Issue

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

Peako Limited has launched a 2 for 3 rights issue to raise approximately $1.054 million, offering new shares at $0.003 each to eligible shareholders, with a bonus option for every two new shares subscribed. The offer, which is non-renounceable and fully underwritten, allows shareholders to apply for additional shares if there’s a shortfall, with applications closing on 5 August 2024. It’s an opportunity for investors in Australia and New Zealand to increase their stake in Peako and potentially benefit from the company’s future growth.

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