Non-Renounceable Pro-Rata Entitlement Offer
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Desert Metals Ltd. has announced a non-renounceable pro-rata entitlement offer to raise funds for ongoing drilling and working capital. The offer allows shareholders to purchase new options at a specified price, with the funds aimed at supporting exploration activities in Côte d’Ivoire. CPS Capital Group Pty Ltd has agreed to fully underwrite the offer, which is expected to be detailed in a prospectus. The timetable for the offer includes key dates for the lodgement of the prospectus and the closing date for applications.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Desert Metals
- Commences 2,000m aircore drilling at Tiogo gold prospect
- Quarterly Activities/Appendix 5B Cash Flow Report
- $1.25m placement to continue exploration in Cote d'Ivoire
- Trading Halt
- Final results from drilling at the King Kong gold prospect
Later from Desert Metals
- Entitlement Issue Prospectus
- Security Class Suspension from Quotation - DM1O
- Stream sediment sampling defines 5km gold anomaly at Adzope
- Security Class Reinstatement to Quotation - DM1O
- Aircore drilling extends Tiogo gold corridor to over 1.5km
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