Prodigy Gold NL (ASX:PRX) has successfully completed a Public Shortfall Offer, raising approximately $1,677,532 before expenses. This effort is part of a larger capital-raising initiative, including a non-renounceable pro-rata Entitlement Offer first announced on 20 August 2024. In total, the company raised around $2,106,894 through the Rights Issue and Shortfall Placement.
Prodigy Gold NL has successfully raised a significant amount of capital through both an Entitlement Offer and a Public Shortfall Offer. The offers involved the issuance of new shares and attaching options, with Ignite Equity Pty Ltd playing a crucial role as the lead manager. The funds raised will potentially support the company's strategic goals and operations. The attaching options have an exercise price of $0.005 and are exercisable before 30 November 2027. The Board has acknowledged the participation of shareholders and outlined the regulatory considerations, ensuring compliance with Australian and international securities laws. The company continues to focus on strengthening its financial position and supporting its growth ambitions.
The Board wishes to express its sincere gratitude to both existing and new shareholders for their participation in the capital-raising initiative.