Critical Minerals Group Ltd. (AU:CMG) has released an update.
Critical Minerals Group Ltd. has announced a capital-raising effort through a non-renounceable entitlement offer aimed at generating approximately $2.49 million by offering new shares to existing shareholders. The offer, priced at $0.15 per share, allows shareholders to purchase three new shares for every ten they own, with the potential for the company’s major shareholder, Idemitsu, to increase its stake to a maximum of 37.4%. The offer is fully underwritten, with details available in the company’s Offer Announcement and Investor Presentation.
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