Redivium targets $3.4M capital raise for project expansion

Grafa2024-12-02

Redivium (ASX:RIL) announced a pro-rata, non-renounceable entitlement offer, providing shareholders with the opportunity to acquire one new share for every share they own.

Priced at $0.001 per share, the offer aims to raise approximately $3.4 million.

Euroz Hartleys and Leeuwin Wealth have been appointed as joint lead managers for the offer.

A supplementary offer will also allocate shares to these managers as part of their remuneration package.

“This entitlement offer will provide Redivium with the necessary capital to further develop our ongoing projects and secure new ones,” said Jonathan Murray, non-executive chairman of Redivium.

The entitlement offer is set to open on Dec. 10 and is slated to close on Dec. 20.

Shareholders with registered addresses outside a specified list of countries will not be eligible to participate.

The company stresses that potential investors should treat this opportunity as speculative and are encouraged to seek professional advice to determine if it aligns with their financial goals.

Redivium is an ASX-listed company that offers sustainable resource solutions. The principal activity of the company is the implementation of the European battery recycling strategy.

Following the announcement, shares of Hannans were unchanged at $0.004.

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The principal activity of the company is the implementation of the European battery recycling strategy.</p>\n<p>Following the announcement, shares of Hannans were unchanged at $0.004.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Redivium targets $3.4M capital raise for project expansion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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