Medallion Metals Ltd ( (AU:MM8) ) has provided an update.
Medallion Metals Ltd announced a proposed issue of securities, including 65,000,000 ordinary fully paid shares and 5,500,000 unlisted options exercisable at $0.15 each, expiring three years from the date of issue. This move is part of a placement or other type of issue, aimed at raising capital for the company’s operations and potentially enhancing its market positioning. The proposed issue date is set for February 7, 2025, which could have significant implications for stakeholders, particularly in terms of the company’s financial strategy and growth potential within the mining sector.
More about Medallion Metals Ltd
Medallion Metals Ltd is a company engaged in the mining industry, focusing on the exploration and development of mineral resources. It is listed on the Australian Securities Exchange (ASX) under the issuer code MM8, indicating its involvement in the mining sector with a primary focus on precious metals.
YTD Price Performance: -12.50%
Average Trading Volume: 438,914
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$42.99M
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