Lithium hopeful Sayona Mining is looking to raise A$4.3-million through a one-for-four renounceable rights issue, priced at 8c a share.
The offer price represented a discount of 34% to Sayona’s 30-day volume weighted average share price of 1.22c a share, and a 48% discount to its 90-day volume weighted average share price of 1.54c each.