From chair address…
“As shareholders will be aware we are raising capital through a rights issue of one for one at 6.5 cents per ordinary share. This closes on 15 December 2023. I strongly encourage shareholders to take up their entitlements as we embark on these exciting mineral exploration programmes.“
This is a tough sell for the pour souls sitting on 99.99% lossess from 13 years ago from numerous split/consolidation adjustments which equal a $2000 per share purchase price
Gltah
Ann: Proposed issue of securities - WEC, page-3
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