Overview of Mt Malcolm Mines' Share Purchase Plan results

Mt Malcolm Mines NL (ASX: $M2M) has released the results of its Share Purchase Plan (SPP) which closed on 31 May 2024. The SPP received 17 valid applications for 9,250,000 new fully paid ordinary shares at an issue price of 2 cents per share, raising a total of $185,000 before costs. The proceeds, combined with existing funds and additional funds from the SPP Shortfall Placement, will be utilized to strengthen the company's balance sheet and support future investment at Golden Crown, including comprehensive bulk sampling work.

Executive Commentary on Share Purchase Plan Results

The Share Purchase Plan results reflect the support and confidence of our existing shareholders in the company's strategic direction and growth prospects. The funds raised will bolster our financial position and enable us to pursue our investment plans at Golden Crown, including the significant bulk sampling work. We appreciate the participation of our shareholders and their ongoing commitment to the company's development. We remain focused on delivering value to our shareholders and advancing our projects in line with our corporate strategy.

Summary of Share Purchase Plan Results and Outlook

Mt Malcolm Mines' Share Purchase Plan closed with 17 valid applications, resulting in the issuance of 9,250,000 new fully paid ordinary shares at an issue price of 2 cents per share, raising $185,000 before costs. The proceeds, in conjunction with existing and additional funds, will fortify the company's financial position and facilitate future investment at Golden Crown, particularly the comprehensive bulk sampling work. The company expresses gratitude to its shareholders for their participation. The upcoming issuance of the new shares on 6 June 2024 will contribute to the company's growth and development. Mt Malcolm Mines remains committed to delivering value to its shareholders and pursuing its strategic investment initiatives.