MRG Metals Raises $730,000 via Share and Option Placement

MRG Metals Limited ( (AU:MRQ) ) just unveiled an announcement.

MRG Metals Limited has raised $730,000 before costs through a placement of 146 million fully paid ordinary shares at $0.005 per share, accompanied by 146 million free attaching options exercisable at $0.004 and expiring on 14 August 2027, to institutional and sophisticated investors. The shares were issued under ASX Listing Rule 7.1A without a prospectus in reliance on the Corporations Act’s secondary trading provisions, with the company confirming it is up to date with financial reporting and continuous disclosure obligations and that there is no excluded information, reinforcing regulatory compliance and providing additional capital for its ongoing activities.

More about MRG Metals Limited

MRG Metals Limited (ASX: MRQ) is an Australian-listed company operating in the resources sector, with its securities traded on the Australian Securities Exchange and a shareholder base that includes institutional and sophisticated investors.

Current Market Cap: A$10.91M

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