Key facts about Poseidon Nickel's entitlement issue prospectus

Poseidon Nickel Limited (ASX: $POS) has announced a pro-rata non-renounceable entitlement issue of one share for every three shares held by registered shareholders at the Record Date. The issue price is set at $0.003 per share, along with one free new option for every three shares applied for, aiming to raise up to $3,713,535. Shareholders are advised to read the prospectus in its entirety and seek professional advice if necessary.

Summary of Poseidon Nickel's entitlement issue prospectus

Poseidon Nickel Limited (ASX: $POS) has announced a pro-rata non-renounceable entitlement issue to raise up to $3,713,535. The entitlement offers one share for every three held at an issue price of $0.003 per share, accompanied by one free new option for every three shares applied for. Shareholders are encouraged to carefully consider the prospectus and seek professional advice before making any decisions. The Company has not disclosed any specific executive commentary in the announcement.