Medallion Metals Limited: ASX Approval Strengthens Capital Raising Flexibility
Medallion Metals Limited (ASX: MM8) has received approval from the ASX for a waiver of specific listing rules in relation to its recently announced Share Purchase Plan (SPP). The waiver allows the company to offer shares under the SPP at an issue price of AU$0.33 per share, which is below 80% of the five-day volume weighted average price prior to the announcement, without requiring shareholder approval. As a result, the SPP will not use the company’s existing placement capacity, and related parties are permitted to participate on the same terms as other eligible shareholders.
The ASX approval enables Medallion to proceed with the SPP efficiently, ensuring equitable access for retail shareholders at the same price as institutional and sophisticated investors. Importantly, the company noted that the overall dilution from the SPP is expected to be limited, while supporting timely completion of its capital raising objectives and maintaining compliance with broader regulatory requirements
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Medallion Metals Limited: ASX Approval Strengthens Capital Raising Flexibility
Medallion Metals Limited (ASX: MM8) has received approval from the ASX for a waiver of specific listing rules in relation to its recently announced Share Purchase Plan (SPP). The waiver allows the company to offer shares under the SPP at an issue price of AU$0.33 per share, which is below 80% of the five-day volume weighted average price prior to the announcement, without requiring shareholder approval. As a result, the SPP will not use the company’s existing placement capacity, and related parties are permitted to participate on the same terms as other eligible shareholders.
The ASX approval enables Medallion to proceed with the SPP efficiently, ensuring equitable access for retail shareholders at the same price as institutional and sophisticated investors. Importantly, the company noted that the overall dilution from the SPP is expected to be limited, while supporting timely completion of its capital raising objectives and maintaining compliance with broader regulatory requirements
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au