Metal Bank Limited (AU:MBK) has released an update.
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Metal Bank Limited has announced a pro-rata non-renounceable entitlement offer to raise up to $1.56 million by issuing 1 new share for every 4 existing shares at $0.016 each. This fully underwritten offer is available to eligible shareholders in Australia and New Zealand, and the company expects no significant changes in its control from this offer.
For further insights into AU:MBK stock, check out TipRanks’ Stock Analysis page.