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Cosmo Metals Limited Announces New Securities Issue

Story Highlights
  • Cosmo Metals plans to issue new securities including unlisted options and ordinary shares.
  • The issue is a non-renounceable pro rata offer to support the company’s growth strategy.
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Cosmo Metals Limited Announces New Securities Issue

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Cosmo Metals Limited ( (AU:CMO) ) just unveiled an update.

Cosmo Metals Limited has announced a proposed issue of securities, which includes the issuance of 26,198,575 unlisted options and 104,794,299 ordinary fully paid shares. This proposal is a standard pro rata issue that is non-renounceable, with significant dates including an ex-date of February 21, 2025, and an offer closing date of March 21, 2025. The issue aims to enhance the company’s financial standing and provide opportunities for growth, aligning with its strategic objectives.

More about Cosmo Metals Limited

YTD Price Performance: -22.73%

Average Trading Volume: 96,275

Technical Sentiment Consensus Rating: Buy

See more insights into CMO stock on TipRanks’ Stock Analysis page.

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