Truscott Mining Corporation Ltd (AU:TRM) has released an update.
Truscott Mining Corporation Ltd has announced a rights issue, proposing the issue of 9,631,503 new shares at $0.06 each, with the potential for eligible shareholders to apply for additional shares through an Oversubscription Facility. Shareholders not fully subscribing to their entitlement may face dilution of their holdings, while any shortfall will be underwritten. The company has confirmed compliance with the necessary legal provisions and states there is no undisclosed information that would affect investors’ assessments of the shares’ value.
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