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Latrobe Magnesium Limited ( (AU:LMG) ) has shared an announcement.
Latrobe Magnesium Limited has announced a non-renounceable pro rata entitlement offer to raise approximately $4 million, offering 1 new share for every 15 shares held at $0.023 per share. This offer is accompanied by a placement to raise an additional $6 million, with the combined initiatives expected to have minimal impact on company control due to the current shareholder structure.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the magnesium industry, focusing on the production and supply of magnesium products. The company is listed on the Australian Securities Exchange (ASX: LMG) and is involved in initiatives to expand its market presence in Australia and New Zealand.
Average Trading Volume: 3,774,098
Technical Sentiment Signal: Hold
Current Market Cap: A$71.13M
Find detailed analytics on LMG stock on TipRanks’ Stock Analysis page.