trending Market Intelligence /marketintelligence/en/news-insights/trending/ga3bix5havypzoztq_oxhq2 content esgSubNav
In This List

Metminco shares climb 40% on successful placement

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Metminco shares climb 40% on successful placement

Metminco Ltd.'s share price in March 28 afternoon trading on the ASX surged 40% as it announced a successful raising of about A$152,640 through the issue of 19,080,045 new ordinary shares.

Subscribers will also receive an option exercisable at 1.1 Australian cents per share on or before June 1, 2020, for every 3 shares subscribed.

Metminco plans to use the funds for exploration activities, retiring the Redfield convertible note, paying creditors and for general working capital.

The previously announced private placement was intended to raise about A$150,000, in combination with a A$5.6 million entitlement issue, to fund exploration at Metminco's gold properties in Colombia.