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The latest announcement is out from Boab Metals Ltd ( (AU:BML) ).
Boab Metals Limited has completed the first tranche of a capital raising, issuing 101,057,108 fully paid ordinary shares at $0.40 per share to professional, sophisticated and institutional investors, raising $40.4 million before costs under its ASX Listing Rule 7.1 and 7.1A placement capacity. The company has confirmed that the shares were issued without a prospectus under the Corporations Act disclosure exemptions and that it remains compliant with its continuous disclosure and financial reporting obligations, signalling regulatory adherence and providing additional funding flexibility for its ongoing operations and growth plans.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
More about Boab Metals Ltd
Boab Metals Limited (ASX:BML) is an Australian listed company operating in the metals and mining sector, with its activities focused on the exploration, development and production of mineral resources to serve domestic and international markets.
Average Trading Volume: 3,001,944
Technical Sentiment Signal: Buy
Current Market Cap: A$159.7M
Find detailed analytics on BML stock on TipRanks’ Stock Analysis page.