An update from Latrobe Magnesium Limited ( (AU:LMG) ) is now available.
Latrobe Magnesium Limited has successfully placed 250 million shares at 1.9 cents each and is issuing 20 million unlisted options as part of the capital raising costs. These options, which are not quoted on the ASX, can be converted into ordinary shares at an exercise price of 1.9 cents until April 2028, potentially impacting the company’s capital structure and shareholder value.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the materials industry, focusing on the production and supply of magnesium. The company is engaged in developing a magnesium production plant in Victoria, Australia, aiming to utilize a unique hydromet extraction process.
YTD Price Performance: -35.00%
Average Trading Volume: 1,413,321
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$30.53M
Learn more about LMG stock on TipRanks’ Stock Analysis page.