Metgasco (ASX:MEL) opens $4.58m entitlement offer

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    • 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

    Read the Full Article on The Market Herald here
    Last edited by TheMarketOnline: 14/07/21
 
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