Boab Metals Ltd (AU:BML) has released an update.
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Boab Metals Limited is set to raise $5.0 million by offering new shares to existing shareholders and sophisticated investors, with an offering ratio of 1 new share for every 5.6 held at $0.10 each. The entitlement offer is fully underwritten and aims to maintain the proportionate control among current shareholders, though there will be a slight dilution due to the additional placement of shares.
For further insights into AU:BML stock, check out TipRanks’ Stock Analysis page.
