Boadicea unveils pro-rata rights issue to support in-ground exploration

Boadicea Resources Ltd (ASX:BOA) has launched a pro-rata rights issue, inviting shareholders to buy three new shares for every five they already own to raise A$2.4 million.

Proactive Investors reports investors can pick up new securities at A$0.05 and for every two shares they subscribe for, will receive a free-attaching option exercisable at A$0.10 before January 30, 2026.

Funds raised will support exploration in WA and Queensland, where Boadicea is prospecting for precious and critical minerals like lithium, nickel, copper and gold.