Australian Strategic Materials Ltd (AU:ASM) has released an update.
Australian Strategic Materials Ltd (ASM) has announced an entitlement offer aiming to raise approximately A$5.2 million, following a successful A$15 million institutional placement. Eligible shareholders have the chance to acquire additional shares at a set price, with a corresponding option attached to each new share. The offer has garnered strong support with pre-commitments from key shareholders and directors, including a significant A$1.4 million from the company’s Chair.
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