Copilot:What’s Happening?
MRG Metals (ASX:MRQ) is raising up to $817,956 by offering options to existing shareholders. It’s a 3-for-10 entitlement offer, meaning for every 10 shares you own, you can buy 3 new options.
Offer price: $0.001 per option (0.1 cents)
Exercise price: $0.004 (0.4 cents)
Expiry date: 19 August 2027
Non-renounceable: You can’t sell or transfer your entitlement
Shortfall offer: If others don’t take up their options, you can apply for extras
What Will the Money Be Used For?
MRG plans to spend the funds on exploration and drilling across several projects in Mozambique:
Linhuane HMS: $100K
Adriano REE & TH: $100K
Fotinho REE & TH: $75K
Olinga Uranium: $75K
Tenement maintenance & admin: $467,956
Key Dates
Event Date Record date (to qualify) 25 July 2025 Offer opens 29 July 2025 Offer closes 15 August 2025 Results announced 20 August 2025 Extra Notes
MRG says its Sinowin JV is fully funding the HMS production (target: 440,000 tpa).
Linhuane is described as a potential “company-maker” due to high-grade mineral sands.
The offer is not underwritten and has no lead manager.
MRQO option holders aren’t eligible due to ASX rules.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.90M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $1.8K | 450K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 14264331 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 26910688 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 14264331 | 0.003 |
4 | 12100000 | 0.002 |
3 | 38600000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 25310688 | 6 |
0.005 | 9287718 | 9 |
0.006 | 6542157 | 6 |
0.007 | 2794000 | 3 |
0.008 | 3597250 | 3 |
Last trade - 09.59am 25/07/2025 (20 minute delay) ? |
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