Ann: Renounceable Rights Offer to Advance Lithium Exploration, page-29

note they will allow shareholders to apply for shares over and above their pro-rata entitlement so its snouts in the trough time. not really that surprising if you think about the amount of land banking that has been going on and makes you wonder if this was all lined up months ago
warning
this capital raise can be pulled at any time so if you plan to sell your heads and buy your allotment with your tradable rights then you may be left with nothing. take a look through the blood bath at ADD in 2020 if you want to see how that can play out
i will not give another cent to anyone involved with this company ever again here or anywhere else unless they can prove themselves otherwise.
30% discount and 55% dilution. this is a shocker. pretty much a reverse takeover