LEPIDICO LTD – RENOUNCEABLE RIGHTS ISSUE
As announced on 7 May 2019, Lepidico Ltd (ACN (008 894 442)) (Company) is undertaking a 1:9 pro rata renounceable rights issue (Rights Issue or Offer) of approximately 372,908,354 fully paid ordinary shares (New Share) with one (1) free attaching, listed option (Option) (exercisable at $0.05 on or before the third anniversary of the date of issue for every two (2) New Shares issued, to raise approximately $10,814,342. The price of New Shares under the Offer is $0.029 each (Issue Price). The Company lodged a prospectus for the Offer (Prospectus) with ASIC and ASX on 7 May 2019.
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