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Mt Malcolm Mines NL (ASX:M2M)

ALERT: Price-sensitive ASX Announcement for M2M
Current share price for M2M : $0.008 -0.001 (-6.25%)+
Announcement
Release
6 May 2026 9:07AM
Price at Release
$0.008
Full Release
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Summary
Mt Malcolm Mines NL is launching a non-renounceable rights issue to raise approximately $1,807,471 by offering one new share for every two existing shares at $0.007 per share. The offer, which is not underwritten, requires no minimum subscription and aims to fund feasibility studies and exploration activities. Shareholder Trevor Dixon's voting power might increase based on the subscription uptake. Managed by Mahe Capital Pty Ltd, the offer includes a shortfall provision, with directors having discretionary control over share allocation. The rights issue document, dated May 6, 2026, is not a prospectus.
Key Points
  • Mt Malcolm Mines NL is conducting a non-renounceable rights issue.
  • The offer is for one new share for every two existing shares at $0.007 per share.
  • The objective is to raise approximately $1,807,471.
  • There is no minimum subscription level for this offer.
  • The rights issue is not underwritten.
  • The offer document does not constitute a prospectus.
  • Trevor Dixon's shareholding and voting power could increase under different subscription scenarios.
  • Funds will support a feasibility study for a processing plant and other exploration activities.
  • Mahe Capital Pty Ltd is the lead manager for the offer.
  • There is a shortfall offer, and allocation of shortfall shares is at the directors' discretion.
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.