Conico Limited (AU:CNJ) has released an update.
Conico Ltd is offering its shareholders a non-renounceable rights issue at a price of $0.001 per share, aiming to double its current issued share capital to 3.61 billion shares. The offer is exclusively available to shareholders in Australia and New Zealand, with any unclaimed shares available through a subsequent offer. This move will not dilute the holdings of participating shareholders but could dilute the stakes of non-participating or ineligible shareholders.
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