Future Metals NL (GB:FME) has released an update.
Future Metals NL has announced an Entitlement Offer for existing FMEO option holders, proposing to issue new options at a nominal fee, aiming to raise A$40,000 before costs. The new 3-year options will be exercisable at A$0.06 per share, with the offer seeking shareholder approval in June 2024 and underwritten by CPS Capital Group. The offer is intended to strengthen shareholder engagement in the company’s development but will not be admitted to trading on AIM.
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