Medical Developments International Limited (AU:MVP) has released an update.
Medical Developments International Limited is raising approximately $3.11 million through an accelerated non-renounceable entitlement offer, offering eligible shareholders the opportunity to purchase additional shares at a price of $0.38 each. The offer, which is fully underwritten and excludes international shareholders outside Australia and New Zealand, follows a successful institutional share subscription that raised over $1.3 million. Interested shareholders should consult their financial advisors for more details and note the offer is not open to shareholders outside the specified regions.
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