WFE 0.00% 2.4¢ winmar resources limited

Sorry to ask this (still got my L plates up) what exactly does...

  1. 481 Posts.
    Sorry to ask this (still got my L plates up) what exactly does the rights issue actually mean. I get we get cheaper shares but what's the 1 old share to 4 new shares mean? Can someone dumb this down for me
 
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Currently unlisted public company.

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