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MRG Metals Limited ( (AU:MRQ) ) has issued an update.
MRG Metals Limited has announced a capital raising initiative through a pro-rata non-renounceable entitlement offer, allowing eligible shareholders to acquire new options at a nominal price. This move aims to raise approximately $817,956, with the options expected to be listed on the ASX. The offer targets investors with a short to medium-term outlook, providing them the opportunity to increase their shareholding and potentially benefit from future upside in the company’s shares. However, the investment is considered highly speculative, with no guaranteed income or capital protection, and is suitable for investors who can bear potential losses.
More about MRG Metals Limited
MRG Metals Limited is a small to mid-cap mining company listed on the ASX, focusing on providing investment opportunities in the mining sector. The company offers options for investors seeking exposure to equities in the mining industry, particularly those interested in short to medium-term investments.
Current Market Cap: A$10.91M
Learn more about MRQ stock on TipRanks’ Stock Analysis page.