SYA 10.0% 4.4¢ sayona mining limited

Why they are ramping down themselves? Raising $ for 1:2 @1c is...

  1. 160 Posts.
    Why they are ramping down themselves?
    Raising $ for 1:2 @1c is 30% dilution; but I am not sure how much total shares they have. Can someone help here with mats, please?



    Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased to announce the
    activities report for the quarter, including:
    Authier, Canada – major focus on completion of the optimisation programs for the
    Authier Definitive Feasibility Study. In addition, completion of a Scoping Study for the
    downstream processing of Authier concentrates into lithium carbonate and/or lithium
    hydroxide;
    Western Australian Lithium, Australia – rock chip and soil sampling programs completed
    at Mallina. New tenement application, Deep Well, prospective for both lithium and
    conglomerate gold mineralisation; and
    Capital raising – a $4.9 million, partially underwritten to $2 million, renounceable rights
    offering on a 1:2 basis at 1 cent per share was announced to fund completion of the
    Authier Definitive Feasibility Study, Authier pilot metallurgical testing program and​
    corporate costs was announced.
 
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4.0¢ 4.5¢ 3.9¢ $6.247M 146.6M

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Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
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