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Green Technology Metals Launches $4 Million Entitlement Offer

Story Highlights
  • Green Technology Metals is raising $4 million through a shareholder entitlement offer.
  • The offer includes new shares and options, with potential dilution for non-participating shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Green Technology Metals Launches $4 Million Entitlement Offer

Green Technology Metals Limited ( (AU:GT1) ) has provided an announcement.

Green Technology Metals Limited has announced a non-renounceable pro-rata entitlement offer to its eligible shareholders, aiming to raise approximately $4 million. The offer includes the issuance of new shares and options, partially underwritten by Bell Potter Securities Limited and Canaccord Genuity (Australia) Limited, which could potentially dilute holdings for shareholders not participating.

More about Green Technology Metals Limited

Green Technology Metals Limited operates in the green technology sector, focusing on the development and production of sustainable materials and technologies. The company is listed on the Australian Securities Exchange (ASX: GT1) and is involved in initiatives to raise capital for its operations.

YTD Price Performance: -44.29%

Average Trading Volume: 194,403

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$15.55M

Find detailed analytics on GT1 stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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