Latrobe Magnesium Limited (AU:LMG) has released an update.
Latrobe Magnesium Limited is launching a non-renounceable rights issue, offering shareholders the chance to buy 1 new share at $0.045 each for every 14.52 shares held, aiming to raise around $6 million. In addition, shareholders can apply for extra shares from any shortfall. The offer includes up to 51.3 million options with no initial cost, exercisable at $0.079 within three years, contingent on shareholder approval.
For further insights into AU:LMG stock, check out TipRanks’ Stock Analysis page.
