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The latest announcement is out from Allup Silica Ltd. ( (AU:MML) ).
McLaren Minerals Limited is issuing a prospectus for a non-renounceable pro-rata offer to eligible shareholders, aiming to raise approximately $3.6 million. The offer includes new shares with free-attaching options and is underwritten by Leeuwin Wealth Pty Ltd. This move is part of their strategic financial initiatives to strengthen their capital base, although the securities are of a speculative nature, indicating potential risks for investors.
More about Allup Silica Ltd.
Average Trading Volume: 2,258,535
Technical Sentiment Signal: Sell
Current Market Cap: A$4.97M
Learn more about MML stock on TipRanks’ Stock Analysis page.