Si6 Metals (ASX:SI6) non-renounceable pro rata rights issue

Si6 Metals (ASX:SI6) has announced its intention to undertake a capital raising of up to approximately A$1.28 million via a non-renounceable pro-rata rights issue. The Rights Issue gives each Eligible Shareholder the opportunity to purchase 1 New Share at the Offer Price for every 2 shares in Si6 Metals held on the Record Date. The Offer Price for New Shares under the Rights Issue is A$0.001 per New Share, representing a 50% discount to the closing price of Shares on the ASX of A$0.002 on 24 September 2024. The Record Date for determining the Entitlements of Eligible Shareholders is 1 October 2024 at 5.00pm (AEST) for Eligible Shareholders.

Si6 Metals (ASX:SI6) chairman's letter

On 25 September 2024, Si6 Metals announced its intention to undertake a capital raising of up to approximately A$1.28 million via a non-renounceable pro-rata rights issue. The Rights Issue gives each Eligible Shareholder the opportunity to purchase 1 New Share at the Offer Price for every 2 shares in Si6 Metals held on the Record Date. The Offer Price for New Shares under the Rights Issue is A$0.001 per New Share, which represents a 50% discount to the closing price of Shares on the ASX of A$0.002 on 24 September 2024.

Si6 Metals (ASX:SI6) rights issue summary

Si6 Metals (ASX:SI6) has announced a non-renounceable pro rata rights issue to raise up to approximately A$1.28 million. The Rights Issue offers each Eligible Shareholder the opportunity to purchase 1 New Share at the Offer Price for every 2 shares held on the Record Date, at a 50% discount to the closing price of Shares on the ASX. The proceeds from the Rights Issue will be used to continue to explore for REE and Lithium at the Company's Brazilian tenements and its gold assets in Western Australia. The Rights Issue closes at 5.00pm (AEDT) on 21 October 2024 for Eligible Shareholders.