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Alvo Minerals Limited ( (AU:ALV) ) has issued an update.
Alvo Minerals Limited has announced a pro-rata non-renounceable entitlement offer to raise approximately $2.93 million. The offer includes one new share for every two shares held by eligible shareholders, priced at $0.050 per new share, along with one unlisted free attaching option for every two new shares applied for, with an exercise price of $0.10 and an expiry date 24 months from the issue date. This initiative aims to provide additional capital and involves a shortfall offer for any shares not taken up, indicating a strategic move to bolster financial resources.
More about Alvo Minerals Limited
Average Trading Volume: 166,989
Technical Sentiment Signal: Strong Buy
See more data about ALV stock on TipRanks’ Stock Analysis page.