Prospech Ltd. (AU:PRS) has released an update.
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.
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