Peninsula Energy Limited (AU:PEN) has released an update.
Peninsula Energy Limited is set to issue a substantial number of new securities, with 530,212,052 ordinary shares available in an accelerated offer and another 528,538,693 shares for a separate placement or issue. The key dates for interested investors include the trading resumption on an ex-entitlement basis on May 20, 2024, and the closing of the retail offer on June 3, 2024. The move aims to expand the company’s financial horizons and offer shareholders a chance to increase their stake.
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