Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Mt Malcolm Mines NL (ASX: M2M) has announced a two-part capital raising strategy to fund its exploration and development initiatives. The company has secured firm commitments for an AU$700,000 placement of shares at AU$0.023 each to sophisticated investors. Additionally, it will conduct a non-renounceable pro-rata Entitlement Offer to raise up to AU$1.04 million, allowing existing shareholders to participate on the same terms. The combined funds of approximately AU$1.74 million (before costs) will be used for drilling programs, JORC resource modelling, mine design, and working capital. The placement will be completed by April 24, 2025, with shares issued at an 11.5% discount to the last market price. The Entitlement Offer will be available to eligible shareholders in Australia and New Zealand, with important dates set between April and May 2025. The initiative supports advancing exploration work, including at the high-grade Golden Crown prospect.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 15, 2025
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
