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The latest announcement is out from Metgasco Ltd ( (AU:MEL) ).
Metgasco Ltd has announced a non-renounceable entitlement offer to its eligible shareholders, allowing them to purchase one new share for every 3.89 shares held at an issue price of $0.002 per share. This offer aims to raise approximately $0.75 million, which will support the company’s ongoing operations and strategic initiatives. The offer is partially underwritten, indicating a level of confidence in its success, although it comes with inherent investment risks and uncertainties.
More about Metgasco Ltd
Metgasco Ltd operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is primarily engaged in identifying and developing energy projects, with a market focus on expanding its resource base and enhancing shareholder value.
Current Market Cap: A$5.5M
For detailed information about MEL stock, go to TipRanks’ Stock Analysis page.