BOA successfully completes the entitlement offer

Boadicea Resources Ltd (ASX: BOA) has concluded its pro-rata renounceable rights issue, which offered shareholders three (3) fully paid ordinary shares (New Shares) for every five (5) shares held at AU$0.05 per share. Additionally, for every two (2) shares applied for and issued, shareholders were granted one (1) free-attaching option (New Option) with an exercise price of AU$0.10 and an expiration date of 30 January 2026.

The objective of the rights issue, initially announced on 13 June 2023, was to raise to AU$2,399,344 (before costs). The offering officially closed at 5:00pm (AEST) on 4 July 2023, raising AU$2,155,609 (before costs). Eligible shareholders will receive 43,112,180 New Shares, representing approximately 89.84% of all shares offered, and 21,556,090 New Options, to be quoted under the ASX code BOAO.

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