- Metgasco's (MEL) entitlement offer is now open to shareholders, as the company seeks to raise an additional $4.58 million in funds
- The full underwritten offer will see MEL shareholders offered one new share for every three already held, with new shares worth 2.5 cents each
- One new attaching option will also be issued for every three new shares issued, with a scratch price of 3.1 cents and an expiry date of December 2022
- MEL says the funds from the offer will be spent on advancing and commercializing the company's Cooper Basin assets
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Metgasco (ASX:MEL) opens $4.58m entitlement offer
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Mkt cap ! $3.674M |
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