Boab Metals Ltd (AU:BML) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Boab Metals Limited is set to raise $5.0 million by offering new shares to existing shareholders and sophisticated investors, with an offering ratio of 1 new share for every 5.6 held at $0.10 each. The entitlement offer is fully underwritten and aims to maintain the proportionate control among current shareholders, though there will be a slight dilution due to the additional placement of shares.
For further insights into AU:BML stock, check out TipRanks’ Stock Analysis page.