Metal Bank Limited (AU:MBK) has released an update.
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.
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