Gold Mountain sets out to share Mt Wipi spoils
Mining
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When Gold Mountain made the decision to undertake a capital raising of up to $5.1 million recently, it did so with its shareholder interests firmly in mind.
Gold Mountain (ASX:GMN) decided to go down the path of raising the funds by way of a 1-for-3 renounceable rights issue, priced at just 2c – a significant 49% discount on its 90-day volume weighted average price of 3.9c.
With every three new shares, shareholders will receive a free attaching option with an exercise price of 4c and a term of 18 months, with the ability to apply for additional shares and options.
Lepidico (ASX:LPD) plans renounceable rights issue for over $9M
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Lepidico (LPD) will conduct a pro-rata renounceable entitlement offer to raise up to $9.6 million in proceeds
Shares will be issued at 1.3 cents each, a 19-per-cent discount to the 10-day volume-weighted share price
Participants in the offer will receive one free attaching option for every two new shares bought
The proceeds will help advance development activities for phase one and two projects, product sample manufacturing and working capital
Lepidico is down 18.75 per cent and trading at 1.3 cents per share
Lepidico (LPD) will conduct a pro-rata renounceable entitlement offer to raise up to $9.6 million in proceeds.
Twenty Seven Co Ltd rights issue to raise up to $2 65 million for next level of work across portfolio proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.