Segue Resources Ltd (ASX:SEG) maintains a very active exploration portfolio, and is looking to add to its cash base for additional drilling at the Barlee Gold Project and exploration at the Pilbara Gold Project.
READ NOW: Segue Resources adds Pilbara Gold Project to active schedule
The company has now dispatched details to eligible shareholders of the 1 for 4 pro-rata non-renounceable options entitlement issue.
The options are to be issued for $0.01 and exercisable at $0.10 on or before 31 December 2019, raising up to $431,479.
Segue shares have recently been positively re-rated by the market, last traded at $0.076, or more than double the valuation from just three months ago.
A new name
Segue has proposed a name change to Arrow Minerals Ltd (ASX:AMD), which will be voted on at the AGM this month.