Widgie Nickel Limited (AU:WIN) has released an update.
Widgie Nickel Limited has launched a 1 for 2.9795 non-renounceable rights issue to raise approximately $4 million, with shares priced at $0.04 each, alongside an offer of free attaching unlisted options exercisable at $0.07 until October 2025. This capital-raising effort aims to advance their Mt Edwards Nickel Project and lithium exploration, reflecting the company’s commitment to contributing to the global transition to net zero. The offer, which is directed to existing eligible shareholders, will close on 8 May 2024, with management and board members fully participating and encouraging shareholders to do the same.
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