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Allup Silica Ltd. ( (AU:MML) ) has provided an announcement.
McLaren Minerals Limited, listed on the ASX under the ticker MML, is conducting a fully underwritten non-renounceable pro rata entitlement offer to raise approximately $3.6 million. The offer is priced at $0.018 per new share, with additional options provided for shareholders. This capital raising initiative is aimed at funding various operational activities such as drilling, exploration, and engineering, as well as general working capital. The offer is available to eligible shareholders in Australia and New Zealand, with a provision for a top-up facility and shortfall offer to sophisticated investors if necessary.
More about Allup Silica Ltd.
Average Trading Volume: 2,623,270
Technical Sentiment Signal: Sell
Current Market Cap: A$8.74M
For detailed information about MML stock, go to TipRanks’ Stock Analysis page.