Enterprise Metals Ltd (ASX: $ENT) Entitlement Offer

Enterprise Metals Ltd (ASX: $ENT) is pleased to announce the undertaking of a pro-rata non-renounceable entitlement offer to raise up to approximately $1.42m. The offer is priced at $0.004 per fully paid ordinary share in the capital of the Company, with participants also receiving 1 free attaching unquoted option for every 1 Share subscribed for and issued. The funds raised through the offer will primarily be used for exploration at the Company's Eneabba East Project, as well as exploration at other Company projects, paying the costs of the offers, and for general working capital.

Executive Commentary on Entitlement Offer

Enterprise Directors Dermot Ryan and Changshun Jia have advised they will take up their full entitlements.

Summary of Entitlement Offer and Outlook

Enterprise Metals Ltd (ASX: $ENT) is offering a pro-rata non-renounceable entitlement offer to raise up to approximately $1.42m, priced at $0.004 per fully paid ordinary share. Participants will also receive 1 free attaching unquoted option for every 1 Share subscribed for and issued. The funds raised will primarily be used for exploration at the Company's Eneabba East Project and other projects, as well as for general working capital. Enterprise Directors Dermot Ryan and Changshun Jia have committed to taking up their full entitlements. The Company's focus on applying world-class exploration technologies and experience to proven mineralised tenure to generate shareholder wealth through discovery and production reflects its ambitions and goals for the future.