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Medallion Metals Ltd ( (AU:MM8) ) has shared an update.
Medallion Metals Limited has announced it will conduct a share purchase plan, offering fully paid ordinary shares to existing investors under an offer document released to the ASX, without the need for a full prospectus under Part 6D.2 of the Corporations Act. The company confirmed it is compliant with its financial reporting and continuous disclosure obligations and stated there is no excluded information requiring disclosure, signalling that the capital-raising initiative is being undertaken within the standard regulatory framework and may provide additional funding while minimising disclosure and documentation costs for both the company and shareholders.
The most recent analyst rating on (AU:MM8) stock is a Hold with a A$0.42 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
More about Medallion Metals Ltd
Medallion Metals Limited (ASX: MM8) is an Australian-listed resources company, operating in the mining and exploration sector and headquartered in West Perth, Western Australia. The company’s primary activity is the exploration and development of mineral assets, with its shares traded on the ASX, giving it access to domestic and international capital markets.
Average Trading Volume: 1,291,942
Technical Sentiment Signal: Buy
Current Market Cap: A$336.6M
For a thorough assessment of MM8 stock, go to TipRanks’ Stock Analysis page.