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Metgasco Ltd ( (AU:MEL) ) has shared an update.
Metgasco Ltd has announced a partially underwritten pro-rata non-renounceable entitlement offer to raise approximately $750,000 by offering one new share for every 3.89 existing shares. The offer is structured to avoid a significant change in company control, but if shareholders do not exercise their entitlements, there could be a material change in control due to underwriting arrangements, particularly involving Glennon Small Companies Limited, a substantial shareholder.
More about Metgasco Ltd
Current Market Cap: A$4.37M
For detailed information about MEL stock, go to TipRanks’ Stock Analysis page.