Latrobe Magnesium Limited (AU:LMG) has released an update.
Latrobe Magnesium Limited has announced an entitlement offer to raise approximately $6 million by offering Broker Options at $0.079 each, with an exercise price of $0.045 per share. The offer, detailed in a Target Market Determination (TMD), is designed for investors who are accustomed to speculative investments in the resources sector and have the financial capability to handle the risks. These Broker Options, which are not for retail investors requiring income or averse to speculative investments, are part of the company’s strategy to produce magnesium using patented technology and offer potential for capital growth and income distribution if production commences.
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