Cosmo Metals Limited ( (AU:CMO) ) has shared an announcement.
Cosmo Metals Limited has successfully completed its non-renounceable entitlement offer, raising $1.57 million by offering four new shares for every five held at $0.015 per share, along with attaching options. The offer saw a 70% subscription rate, with the directors allocating the shortfall to shareholders who applied for excess shares. This capital raising effort supports Cosmo’s exploration activities and strengthens its financial position, potentially enhancing its market presence in the gold and base metals sector.
More about Cosmo Metals Limited
Cosmo Metals Ltd is an ASX-listed exploration company focused on gold and base metals, with key projects in Western Australia and New South Wales. The company is acquiring the Bingara and Nundle gold-antimony and copper projects in northern NSW, and is advancing the Kanowna Gold Project near Kalgoorlie and the Yamarna Project in the Eastern Goldfields region.
YTD Price Performance: -5.00%
Average Trading Volume: 375,972
Technical Sentiment Signal: Buy
Current Market Cap: A$4.48M
See more data about CMO stock on TipRanks’ Stock Analysis page.