Key facts about Emu's fully underwritten pro-rata rights issue

Emu NL (ASX: $EMU) has announced a fully underwritten pro-rata non-renounceable entitlement issue of approximately 48,005,533 fully paid, ordinary shares in the capital of the Company at an issue price of $0.025 per FPO Share to Eligible Shareholders. The offer opens on 13 June 2024 and closes at 5.00pm (WST) on 26 June 2024. The Offer is fully underwritten by Martin Place Securities Pty Limited (Underwriter). Only payments by BPAY or EFT will be accepted by the Company.

Executive commentary on the fully underwritten pro-rata rights issue

The Company is pleased to announce the fully underwritten pro-rata non-renounceable entitlement issue, providing an opportunity for existing shareholders to participate in the capital raising. The Offer, fully underwritten by Martin Place Securities Pty Limited, demonstrates the Company's commitment to strengthening its financial position and pursuing its strategic objectives. Shareholders are encouraged to carefully consider the Offer and seek professional advice if needed.

Summary of Emu's fully underwritten pro-rata rights issue

Emu (ASX: $EMU) has initiated a fully underwritten pro-rata non-renounceable entitlement issue to raise approximately $1,200,138 from existing shareholders. The Offer, fully underwritten by Martin Place Securities Pty Limited, aims to bolster the Company's financial position and support its strategic initiatives. Shareholders are urged to review the Offer and consider seeking professional advice to make informed decisions.