Reedy Lagoon Corporation (ASX:RLC) Entitlement Offer Announcement

Reedy Lagoon Corporation Limited (ASX:RLC) has announced a non-renounceable pro rata entitlement offer to eligible holders of RLC shares on a 1 for 1 basis at 0.2 cents per new RLC share. The offer, if fully subscribed, will raise $1,239,000 and the funds will be utilized for exploration for gold at the Burracoppin Gold project in Western Australia and to provide working capital.

Executive Commentary on Entitlement Offer

The entitlement offer presents an opportunity for eligible shareholders to participate in the company's fundraising initiative to support the exploration for gold at the Burracoppin Gold project and bolster the company's working capital. We believe this strategic move will enable us to advance our exploration activities and drive potential growth opportunities for Reedy Lagoon Corporation.

Summary of Reedy Lagoon Corporation's Entitlement Offer

Reedy Lagoon Corporation (ASX:RLC) has unveiled a non-renounceable pro rata entitlement offer to raise $1.24 million, with the proceeds earmarked for gold exploration at the Burracoppin Gold project in Western Australia and to bolster working capital. The offer allows eligible shareholders to subscribe for new RLC shares at 0.2 cents per share, with the potential to apply for additional shares. The company aims to leverage the raised funds to drive its exploration endeavors and enhance its operational capabilities, positioning itself for potential future growth and development.