Everest Metals Completes $2.2M Share Placement

Everest Metals Corporation Limited (AU:EMC) has released an update.

Everest Metals Corporation Ltd has successfully completed a share placement, issuing 22 million new shares at $0.10 each to professional and sophisticated investors, raising a total of $2.2 million. The issuance received shareholder approval and was conducted in compliance with relevant sections of the Corporations Act, without needing disclosure under Part 6D.2, as confirmed by the company’s recent announcement.

For further insights into AU:EMC stock, check out TipRanks’ Stock Analysis page.