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The latest update is out from Mt Malcolm Mines NL ( (AU:M2M) ).
Mt Malcolm Mines NL announced the closure of its non-renounceable pro-rata entitlement offer, which raised a total of $457,614.42 from 19,896,272 new shares. An additional $256,025.36 was raised through the shortfall offer, with 11,131,529 new shares applied for. The company plans to allocate the remaining shortfall shares over the next three months and may engage brokers to assist in this process. This capital raising effort supports the company’s growth phase, including current drilling programs and exploration activities.
More about Mt Malcolm Mines NL
Mt Malcolm Mines NL is a company operating in the mining industry, focusing on exploration and drilling activities. Its primary projects include the Golden Crown and Dumbarton prospects, as well as ongoing exploration within the Malcolm Project located in the Leonora region of Western Australia.
Average Trading Volume: 675,325
Technical Sentiment Signal: Buy
Current Market Cap: A$6.42M
For an in-depth examination of M2M stock, go to TipRanks’ Stock Analysis page.