Podium Minerals' new entitlement offer details

Podium Minerals (ASX:POD) has released a prospectus for a non-renounceable pro-rata entitlement offer. This offer lets eligible shareholders in Australia, New Zealand, and the UK buy one new share for every four shares they own at 3.2 cents each. Shareholders will also receive one free option for every three new shares. The offer aims to raise approximately $3.64 million and closes on 14 November 2024.

Podium Minerals' entitlement offer and future outlook

Podium Minerals has launched a fully underwritten entitlement offer to raise $3.64 million. Eligible shareholders in Australia, New Zealand, and the UK can purchase new shares and receive options. The offer supports Podium's growth strategy and operations, with Canaccord Genuity and Cumulus Wealth managing the process. The offer closes on 14 November 2024, aligning with Podium's strategy to bolster its financial base for future developments.

Executive insights on Podium Minerals' strategy

The offer provides existing shareholders with an opportunity to increase their shareholding in Podium Minerals and support the company’s growth plans. We are pleased to have the support of Canaccord Genuity as the underwriter and Cumulus Wealth as joint lead manager.