Non Renounceable Rights Issue

Summary by 6ix AI

Silver Mines Limited has announced a non-renounceable rights issue, offering one new option for every ten shares held by shareholders as of the record date. The rights issue aims to raise funds for the company's drilling program at the Webbs Silver Project and for working capital. Eligible shareholders will receive further details and an entitlement form as outlined in the timetable provided.

Written by 6ix AI from the company’s filing. How 6ix writes summaries