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Cornish Metals ( (TSE:CUSN) ) just unveiled an announcement.
Cornish Metals Inc. has announced a retail offer aiming to raise up to £3 million through BookBuild at an issue price of 8 pence per new common share. This initiative is part of a broader fundraising effort to amass at least £56 million for its South Crofty project, but the retail offer stands separate from other fundraising components like the Placing and NWF Subscription. The offer underscores the company’s commitment to include its retail shareholders and proceeds will support the same objectives as the larger fundraising. The completion of the retail offer is conditional upon the successful completion of other fundraising activities.
More about Cornish Metals
Cornish Metals Inc. is a mineral exploration and development company concentrated on the advancement and restart of its wholly owned South Crofty high-grade tin project located in Cornwall, United Kingdom.
YTD Price Performance: -10.62%
Average Trading Volume: 67,614
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$77.61M
See more insights into CUSN stock on TipRanks’ Stock Analysis page.
