Ellah Lakes Plc has revealed that it will seek shareholder approval to raise up to N250 billion through various equity issuance options, at an Extraordinary General Meeting (EGM) scheduled for July 25, 2025, in Lagos.
In a disclosure, the company stated that it will seek approval to raise the capital through private placement, public offer, or other equity issuance methods, at a price and time to be determined by its directors.
The directors will also seek approval to sign and execute all necessary documents, or appoint advisers and intermediaries, to facilitate the capital raising process.