Widgie Nickel Limited (AU:WIN) has released an update.
Widgie Nickel Ltd is set to raise approximately $4 million through a non-renounceable rights issue, offering shares at a significant discount to eligible shareholders, with the added incentive of free attaching options. The capital raised will primarily fund the advancement of the company’s nickel and lithium assets and explore further growth opportunities. The offer, which is not underwritten, is part of the company’s strategy to navigate the challenging commodity price environment and position itself for future market recovery.
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