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Conico Settles Legal Dispute, Raises $1.4M, Plans Rights Offer and Share Consolidation
7:02am on Friday 1st of August, 2025 AEST
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Mining
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Conico Settles Legal Dispute, Raises $1.4M, Plans Rights Offer and Share Consolidation
7:02am on Friday 1st of August, 2025 AEST
Key Points
Settlement of Cartwright Drilling legal dispute with initial payment made
Placement of $900,000 in convertible loans pending shareholder approval
Planned additional $500,000 convertible loan placement managed by director-associated firm
Company remains suspended from trading while finalizing capital raising and working capital plans
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Conico (ASX:CNJ)
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