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An update from Mt Malcolm Mines NL ( (AU:M2M) ) is now available.
Mt Malcolm Mines NL is initiating a non-renounceable entitlement offer to its shareholders, allowing them to purchase new ordinary shares at a price of $0.023 per share, aiming to raise up to $1,041,788. This move is structured to comply with the Corporations Act and is expected to maintain the current shareholder control unless there is a shortfall, which could lead to dilution for those not participating fully. The offer is not underwritten, and any remaining shares will be available through a Shortfall Offer.
More about Mt Malcolm Mines NL
YTD Price Performance: -13.33%
Average Trading Volume: 902,171
Technical Sentiment Signal: Sell
Current Market Cap: A$5.89M
For a thorough assessment of M2M stock, go to TipRanks’ Stock Analysis page.