Talga Group Ltd. (AU:TLG) has released an update.
Talga Group Ltd has announced a Prospectus Offer to raise A$5.0 million by offering its shareholders the chance to buy new shares at A$0.38 each, a 15.8% discount on the recent average market price. The offer is exclusively for eligible shareholders in Australia and New Zealand, with the raised funds intended for the development of the Vittangi Anode Project and other corporate purposes. Shareholders must apply by August 23, 2024, and may face scale backs if the offer is oversubscribed.
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