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Metminco To Offer 9.5 Shares For Every 2 Shares In Rights Offer (ALLISS)

Mon, 26th Mar 2018 14:56

LONDON (Alliance News) - Metminco Ltd said Monday it will offer shareholders 9.5 new shares for every two existing shares under a rights offer.

The 9.5 shares will be offered at 0.8 Australian cents per share, alongside one option for every three new shares, exercisable at 1.1 cents per share.

Metminco said last Friday it would be raising AUD5.7 million through a rights issue, and on Monday said the confirmed figures would raise it AUD5.5 million.

Funds will be used to progress exploration assets at Miraflores in Colombia, as the company looks to shed its non-core assets in Chile.

Shares in London were down 11% on Monday at 0.87 pence each.

More News

18 May 2015 09:15

Metminco Rights Issue Raises Nearly AUD1.6 Million Before Costs (ALLISS)

13 May 2015 08:38

Metminco Raises AUD1.27 Million From Rights Issue (ALLISS)

1 May 2015 09:16

Metminco Says It Has Made "Excellent Progress" On Los Catalos

28 Apr 2015 08:26

Metminco Extends Rights Issue Closing Date, Clarifies Subscription Rights

26 Mar 2015 12:51

LONDON MIDDAY BRIEFING: Volatility Returns As Saudi Arabia Strikes

26 Mar 2015 11:56

UK WINNERS & LOSERS: LSE Shares Drop As Borse Dubai Sells Stake

26 Mar 2015 09:09

Metminco Shares Up As It Finds Another Target At Los Calatos

11 Mar 2015 11:24

Metminco Loss Narrows On Lower Impairments, Still Seeking Options

20 Feb 2015 09:56

Metminco Confirms First Placing To Raise AUD450,000 (ALLISS)

18 Feb 2015 09:58

Metminco Raises AUD1 Million With Placing And Rights Issue (ALLISS)

2 Feb 2015 10:55

Metminco Progressing With Los Calatos, Still In Talks With Suitors

3 Nov 2014 09:34

Metminco Expects Chilean Constitutional Tribunal Decision By Year End

27 Oct 2014 10:01

Metminco Gets Peruvian Approval For Los Calatos Surface Title

7 Oct 2014 09:45

Tuesday broker round-up UPDATE

African Minerals: Canaccord Genuity lowers target price from 20p to 15p with a hold recommendation. Aggreko: Exane initiates with a target price of 1500p and an underperform rating. Amec: Liberum Capital cuts target price from 1035p to 908p staying with its sell recommendation. Antofagasta: Canacc

8 Sep 2014 09:52

Latest Share Chat

Metminco Share News (MNC)

Metminco To Offer 9.5 Shares For Every 2 Shares In Rights Offer (ALLISS)

Metminco Rights Issue Raises Nearly AUD1.6 Million Before Costs (ALLISS)

Metminco Raises AUD1.27 Million From Rights Issue (ALLISS)

Metminco Says It Has Made "Excellent Progress" On Los Catalos

Metminco Extends Rights Issue Closing Date, Clarifies Subscription Rights

LONDON MIDDAY BRIEFING: Volatility Returns As Saudi Arabia Strikes

UK WINNERS & LOSERS: LSE Shares Drop As Borse Dubai Sells Stake

Metminco Shares Up As It Finds Another Target At Los Calatos

Metminco Loss Narrows On Lower Impairments, Still Seeking Options

Metminco Confirms First Placing To Raise AUD450,000 (ALLISS)

Metminco Raises AUD1 Million With Placing And Rights Issue (ALLISS)

Metminco Progressing With Los Calatos, Still In Talks With Suitors

Metminco Expects Chilean Constitutional Tribunal Decision By Year End

Metminco Gets Peruvian Approval For Los Calatos Surface Title

Tuesday broker round-up UPDATE

Metminco Looks For Producing Acquisition To Bring In Cashflow

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