Non-Renounceable Issue
Filed with ASX · · 3 pages · English
Summary by 6ix AI
Metals Australia Ltd has announced a non-renounceable rights issue to raise funds for exploration at the Lac Rainy Graphite Project. The company plans to issue new shares at a price lower than the last traded price, with additional options for participants. Funds raised will support the expansion of the current diamond drilling program and general working capital needs. The rights issue will be available to eligible shareholders in specific regions, with further details to follow in a prospectus.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Metals Australia
- Drilling Equipment & Crews Mobilised to Lac Rainy Project
- Placement
- Update on Timing of Dilling at Lac Rainy Graphite Project
- Lac Rainy Graphite Project Fully Permitted for Drilling
- Extensive Wide Zones of High-Grade Graphite at Lac Rainy
Later from Metals Australia
- Diamond Drilling Underway at Lac Rainy Graphite Project
- Diamond Drilling Update at Lac Rainy Graphite Project
- Further Drilling Intersects Near Surface High Grade Graphite
- Withdrawal of Intention to Undertake Rights Issue
- Response to Appendix 5B Query
Follow Metals Australia into a list and get an email when it puts out news.
Follow Metals Australia