Metal Bank Limited Announces Entitlement Offer to Raise $1.56M

Metal Bank Limited (AU:MBK) has released an update.

Metal Bank Limited has launched a non-renounceable entitlement offer, allowing eligible shareholders to purchase 1 new share for every 4 shares held at a price of $0.016, aiming to raise up to $1.56 million. The offer, which provides a 6% discount to the last traded share price, opens today and will close on November 28, 2024. This move presents an opportunity for investors to increase their stake in the company at a reduced rate.

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