Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Critical Minerals Group Limited (ASX: CMG) has announced a three-for-four pro rata non-renounceable entitlement offer aiming to raise approximately AU$7.4 million. The offer price is set at AU$0.1375 per share, representing a 1% premium to the theoretical ex-rights price (TERP) and a 7.3% discount to the 10-day VWAP. Eligible shareholders can subscribe for three new shares for every four they currently hold, with up to 54 million new shares potentially issued. The shares will rank equally with existing ones.
Funds raised will support the BFS study and environmental approvals for the Lindfield Project, development of a Vanadium Electrolyte Facility, establishment of a BESS supplier, operational costs, and offer-related transaction fees. Major shareholder Idemitsu Lindfield Pty Ltd has committed to invest up to AU$2.5 million. Key dates span from 23 April to 19 May 2025.
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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.