Maronan Metals Ltd (AU:MMA) has released an update.
Maronan Metals Ltd has announced a remarkable response to its Share Purchase Plan (SPP), surpassing the initial target by raising $3.368 million from shareholders, more than double the expected $1.5 million. The funds will further the company’s Starter Zone drilling and pre-development studies. Over 14 million new shares will be issued as a result, increasing the company’s issued capital by 7.7%.
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