MRG Metals Issues Shares and Options as Capital-Raising Fee

The latest announcement is out from MRG Metals Limited ( (AU:MRQ) ).

MRG Metals Limited has issued 11.7 million fully paid ordinary shares and 7.2 million listed options to Pinnacle Equities and Peak Asset Management as payment for capital-raising services, with the options exercisable at $0.004 and expiring on 19 August 2027. The company confirmed that these securities were issued without a prospectus under the Corporations Act, that it remains compliant with its financial reporting and continuous disclosure obligations, and that no excluded information requires disclosure, signalling routine capital markets activity without additional material updates for shareholders.

The most recent analyst rating on (AU:MRQ) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on MRG Metals Limited stock, see the AU:MRQ Stock Forecast page.

More about MRG Metals Limited

MRG Metals Limited is an Australian-listed resources company focused on mineral exploration and development, with its shares traded on the ASX under the code MRQ.

Current Market Cap: A$14.36M

For a thorough assessment of MRQ stock, go to TipRanks’ Stock Analysis page.