Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)
Lithium
45.34
1.66%
Gold
2,701.80
(0.43%)
Copper
4.40
(0.91%)
Oil
71.95
(0.36%)
Bitcoin
76,094.02
0.26%
FTSE 100
8,140.70
(0.32%)
Nikkei 225
39,475.07
(0.78%)
Dow Jones
43,729.34
0.02%
Iron Ore
102.80
(2.59%)
USD/AUD
0.67
(0.42%)
Hang Seng
20,885.52
(1.48%)

Metal Bank (ASX: $MBK) launches entitlement offer to raise $1.56 million

Metal Bank's strategic funding initiative


Metal Bank (ASX:MBK) has announced a fully underwritten non-renounceable entitlement offer to raise approximately $1.56 million. Eligible shareholders can purchase one new share for every four shares held at a price of $0.016 per share. Taylor Collison Limited is managing and fully underwriting the offer.

Overview of Metal Bank's financial and strategic plans


Metal Bank (ASX:MBK) is gearing up to raise approximately $1.56 million through a fully underwritten non-renounceable entitlement offer. Shareholders can acquire new shares at a 6% discount to the last traded price and a 32% discount to the 15-day VWAP. The raised capital will be directed towards expanding resources at the Livingstone Gold Project, advancing the Millennium Copper & Cobalt Project, and supporting their MENA strategy in Saudi Arabia and Jordan. These initiatives are aimed at increasing project potential and shareholder value. The offer, closing on 28 November 2024, reflects Metal Bank's commitment to strengthening its exploration and development activities.

Executive insights on funding strategy


The funds raised will be used for strategic reviews and exploration programs at our Livingstone Gold Project in Western Australia, progressing the Millennium Copper & Cobalt project in Queensland, advancing MBK's MENA strategy in Saudi Arabia and Jordan, and for general working capital and offer costs.

METAL BANK LIMITED
MBK | ASX | Materials
0.0220.002(+10%)
At close 07/11 (AEDT)
Market cap
$8.7M
Volume
200,876
DY Yield
PE Ratio
52 Week Range
0.012 - 0.038
1YR Return
N / A

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