TMK Energy Limited Launches Share Entitlement Issue

TMK Energy Limited (AU:TMK) has released an update.

TMK Energy Limited announces a pro-rata non-renounceable entitlement issue, offering one new Share at $0.002 each for every eight shares held, with an additional free TMKO Option for every two shares applied for, aiming to raise up to $1,897,903. The offer also includes a Secondary Offer of up to 335,000,000 TMKO Options to Placement Participants. Potential investors are urged to read the prospectus carefully and seek professional advice, as the securities on offer are considered highly speculative.

For further insights into AU:TMK stock, check out TipRanks’ Stock Analysis page.