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Latrobe Magnesium Limited (ASX:LMG)
ALERT: Price-sensitive ASX Announcement for LMG
Current share price for LMG : $0.010 -0.02 (-66.67%)+
Announcement
Release
6 Nov 2025 11:51AM
Price at Release
$0.030
Full Release
Summary
Latrobe Magnesium Limited announced the results of its Non-renounceable Entitlement Offer, which closed on 4 November 2025. The company received acceptances for 143,102,768 new shares, raising $3,291,368.18. This resulted in a rights issue shortfall of $748,262.63, equating to 32,533,354 new shares. Under an underwriting agreement with Shaw and Partners, these shortfall shares will be subscribed by the underwriter. The total funds raised from the entitlement offer and underwriting are approximately $4,000,000. New shares resulting from entitlements will be issued on 11 November 2025 and start trading on the ASX on 12 November 2025. The company expressed gratitude to its shareholders for their ongoing support.
Key Points
- Entitlement Offer closed on 4 November 2025.
- 143,102,768 new shares accepted, raising $3,291,368.18.
- Rights issue shortfall of $748,262.63.
- Shaw and Partners to underwrite the shortfall of 32,533,354 shares.
- Total funds raised approximately $4,000,000.
- New shares issuance on 11 November 2025.
- Trading on ASX to commence on 12 November 2025.
- Company appreciates shareholder support.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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