Hoping to raise up to $2 million through a rights offering is Geddes Resources (TSE).
Shareholders of record on Aug. 6 may purchase an additional common share at 55 cents per share for each eight shares owned. A full subscription will result in almost 3.7 million shares being issued.
Major Geddes shareholder Northgate Exploration (TSE) says it intends to purchase almost 1.5 million shares of the offering.
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