Mt Malcolm Mines NL - Non-renounceable Entitlement Offer Closure

About this update from Mt Malcolm Mines Nl

Mt Malcolm Mines NL (ASX: M2M) ('the Company') is pleased to advise that its non-renounceable pro-rata entitlement offer of new fully paid ordinary shares (New Shares) to eligible shareholders, on the basis of 1 New Share for every 5 shares held, as detailed in the Entitlement Offer document dated 16 April 2025 ('Entitlement Offer'), closed at 5.00pm AWST on 22 May 2025 . Under the Entitlement Offer, eligible shareholders were also invited to apply for additional shares under a shortfall facility ('Shortfall Offer'). The Company received valid applications for a total of 31,027,801 New Shares, comprising 19,896,272 New Shares under the Entitlement Offer, which raised $457,614.42 , and 11,131,529 New Shares applied for under the Shortfall Offer, equating to $256,025.36 . Accordingly, a total of 14,267,323 New Shares remain available under the Shortfall Offer. The Company will proceed to allot and issue the 19,896,272 New Shares subscribed for under the Entitlement Offer on 28 May 2025 . The Shortfall Offer will remain open for a period of up to three months following the closing date of the Entitlement Offer, during which time the Board may allocate any remaining shortfall shares at its discretion, in accordance with the terms of the Offer Document. The Company will review all shortfall applications received to date and may return application monies to certain applicants. The Company may also seek to engage with brokers to assist in placing the remaining shortfall within the permitted period. The Board of Mt Malcolm Mines NL would like to thank shareholders for the uptake of their entitlements under the Entitlement Offer and for their continued support as the Company moves into its next phase of growth, including the current drilling programs at the Golden Crown and Dumbarton prospects and ongoing exploration activities within the Malcolm Project in the Leonora region of Western Australia . Contact: Email: mtmalcolm.com.au Tel: (08) 6244 6617 (C) 2025 Electronic News Publishing, source ENP Newswire

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