Prospech Ltd. (AU:PRS) has released an update.
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Prospech Ltd. has announced a $2.3 million non-renounceable rights issue to fund exploration projects and general company expenses. Shareholders in Australia and New Zealand can purchase new shares at $0.03 each, with Canaccord Genuity managing the offer. The rights issue is open to eligible shareholders and any unsubscribed shares may be placed within three months after the offer closes.
For further insights into AU:PRS stock, check out TipRanks’ Stock Analysis page.