Mt Malcolm Mines Unveils Discounted Share Plan

Mt Malcolm Mines NL (AU:M2M) has released an update.

Mt Malcolm Mines NL is launching a Share Purchase Plan (Plan) to raise up to $1,000,000, offering existing shareholders in Australia and New Zealand the opportunity to buy shares at a 5% discount. Funds raised are slated for exploration and development of projects in Western Australia and for general working capital. The Plan, which is not underwritten and does not require shareholder approval, allows purchases of up to $30,000 worth of shares per shareholder without the need for brokers.

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