KLL 0.00% 2.5¢ kalium lakes limited

Ann: Investor Presentation - Project Update & Equity Raising, page-10

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    the Entitlement Offer, eligible shareholders are invited to subscribe for 5 New Shares for every 7 existing Shares held as at 5:00pm (WST) on Monday, could someone
    explain this as lm a novice?
    cheers
 
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