ENB eneabba gas limited

Ann: Eneabba acquires 2 Lithium Projects in Argentina, page-5

  1. 6,158 Posts.
    lightbulb Created with Sketch. 764
    Am I reading this correct?

    3c a share for retail?
    If so seems like good entrance point today since they are confident of a rise to 3c+

    "To assist Eneabba to re-comply with Chapters 1 and 2 of the Listing Rules and to support its exploration strategy post-completion of the Proposed Acquisition, the Company plans, subject to shareholder approval, to conduct a capital raising under a full form prospectus to raise a minimum subscription of $3.0 million (Public Offer) at an issue price of not less than $0.03 per share (on a post-consolidation basis – see paragraph 10 for details).  CPS Capital Group Pty Ltd (CPS) has been appointed as lead manager to the Public Offer."
 
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