Boab Metals Ltd Announces $5 Million Capital Raise

Boab Metals Ltd (AU:BML) has released an update.

Boab Metals Limited aims to raise $5 million via capital raising initiatives, comprising a $3.3 million entitlement offer and a $1.7 million placement to sophisticated investors. The non-renounceable entitlement offer allows existing shareholders to purchase new shares at $0.10 each, maintaining their proportional ownership, while the additional placement may dilute current holdings by approximately 7.36%. The company assures compliance with regulatory requirements and the offer is fully underwritten by Morgans Corporate Limited and Unified Capital Partners Pty Ltd.

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