Metalsgrove Mining Ltd. (AU:MGA) has released an update.
Metalsgrove Mining Ltd. has announced a non-renounceable pro rata offer to eligible shareholders to raise approximately $2.1 million before issue costs, with new shares priced at $0.04 each. The offer also includes options and is contingent on a minimum subscription of $700,000. The company’s CEO and Director have committed to a significant portion of the offering, underscoring management’s confidence in the venture.
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