Am I reading this correct? 3c a share for retail? If so seems...

Am I reading this correct?

3c a share for retail?
If so seems like good entrance point today since they are confident of a rise to 3c+

"To assist Eneabba to re-comply with Chapters 1 and 2 of the Listing Rules and to support its exploration strategy post-completion of the Proposed Acquisition, the Company plans, subject to shareholder approval, to conduct a capital raising under a full form prospectus to raise a minimum subscription of $3.0 million (Public Offer) at an issue price of not less than $0.03 per share (on a post-consolidation basis – see paragraph 10 for details).  CPS Capital Group Pty Ltd (CPS) has been appointed as lead manager to the Public Offer."