MetalsTech Ltd (AU:MTC) has released an update.
MetalsTech Ltd is launching a Share Purchase Plan (SPP), allowing eligible shareholders to buy company shares at a discounted price of $0.23 each, aiming to raise $1 million. Shareholders in Australia and New Zealand can invest between $2,000 and $30,000 without brokerage fees. The funds raised will support the expansion of the Sturec Gold Mine and general working capital needs, with the company reserving the right to manage oversubscriptions and scale back applications as needed.
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