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Mt Malcolm Mines NL ( (AU:M2M) ) has provided an announcement.
Mt Malcolm Mines NL has announced the dispatch of its Prospectus and Entitlement and Acceptance Form for a renounceable pro-rata rights issue to eligible shareholders. The offer allows shareholders to purchase one new share for every two existing shares at a price of 1.5 cents per share, with a free-attaching option exercisable at 3 cents. This initiative aims to raise approximately $2.33 million before costs, potentially impacting the company’s financial position and offering growth opportunities for stakeholders.
More about Mt Malcolm Mines NL
Mt Malcolm Mines NL operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker M2M.
Average Trading Volume: 867,422
Technical Sentiment Signal: Sell
Current Market Cap: A$7.92M
For an in-depth examination of M2M stock, go to TipRanks’ Overview page.