Redivium (ASX:RIL) extended the closing date of its entitlement offer to Jan. 24 to ensure all shareholders have the opportunity to participate, according to a Tuesday filing with the Australian bourse.

The resource company's pro-rata non-renounceable entitlement offer involves the issue of one new share for every one share held by eligible shareholders, priced at AU$0.001 apiece to raise up to AU$3.4 million, the filing said.