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An update from Critical Minerals Group Ltd. ( (AU:CMG) ) is now available.
Critical Minerals Group Ltd. has announced a pro rata non-renounceable entitlement offer to raise approximately $7.4 million. Eligible shareholders can subscribe for three new shares for every four existing shares at a price of $0.1375 per share. The offer aims to issue 54,028,044 new shares, with Morgans Corporate Limited as the lead manager. The impact on company control will depend on shareholder participation, with potential dilution for those who do not fully subscribe.
More about Critical Minerals Group Ltd.
Critical Minerals Group Ltd. operates in the critical minerals sector, focusing on the exploration and development of essential minerals that are vital for various industries. The company is listed on the Australian Securities Exchange under the ticker CMG.
YTD Price Performance: -15.62%
Average Trading Volume: 3,498
Technical Sentiment Signal: Buy
Current Market Cap: A$9.73M
For a thorough assessment of CMG stock, go to TipRanks’ Stock Analysis page.