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Duke Exploration Limited announces an update on the acquisition of True North Copper Pty Ltd and the related capital raising under a Prospectus dated 3 May 2023.
Resolution 5 in the Notice seeks Duke shareholder approval for the Offer to issue up to 280 million shares at an issue price of $0.25, raising up to $70 million (before costs).
The final maximum subscription has now been set at $40 million (before costs), comprising an underwritten offer of 140 million shares and a priority offer to eligible Duke shareholders of 20 million shares at $0.25 per share.