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Critical Minerals Group Ltd. ( (AU:CMG) ) has issued an announcement.
Critical Minerals Group Ltd. announced a pro rata non-renounceable entitlement offer to raise approximately $7.3 million through the issuance of new ordinary shares. Eligible shareholders can subscribe for three new shares for every four existing shares at $0.135 per share. Morgans Corporate Limited is managing the offer, which could potentially increase the voting power of the largest shareholder, Idemitsu Lindfield Pty Ltd, if other shareholders do not fully subscribe to their entitlements.
More about Critical Minerals Group Ltd.
Critical Minerals Group Ltd. operates in the mining industry, focusing on the extraction and development of critical minerals. The company is listed on the Australian Securities Exchange under the code CMG.
YTD Price Performance: -15.62%
Average Trading Volume: 3,383
Technical Sentiment Signal: Buy
Current Market Cap: A$9.73M
See more data about CMG stock on TipRanks’ Stock Analysis page.