Eclipse Metals (ASX:EPM) extended the closing date of its entitlement offer to Jan. 17 due to recent public holidays causing delay in some shareholders receiving their application forms, according to a Monday Australian bourse filing.

The company seeks to raise up to about AU$1.1 million before costs, via a non-renounceable rights issue to eligible shareholders of one new share for every four shares held at an issue price of AU$0.002 per new share, according to an earlier filing.

The new shares will now be issued on Jan. 24 and will start trading on Jan. 28.