Labyrinth Resources (ASX:LRL) has successfully raised approximately A$1.582 million from a non-renounceable entitlement offer. The offer involved issuing new shares to eligible shareholders, supporting exploration in Western Australia and Quebec, Canada.
Labyrinth Resources (ASX:LRL) completed an entitlement offer, raising A$1.582 million to fund exploration at Comet Vale and Vivien gold projects in Western Australia, and the Labyrinth Gold Project in Quebec. The offer set a share price of A$0.003, issuing over 527 million new shares with trading to commence in mid-October 2024. A shortfall of 140 million shares remains, available for allocation within three months. The board thanked shareholders for their participation, aiming to bolster exploration and operational activities.
The board of Labyrinth Resources expresses gratitude to shareholders for their support during the entitlement offer.