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Murray Cod Australia Limited (ASX:MCA)

ALERT: Price-sensitive ASX Announcement for MCA
Current share price for MCA : $0.150 0.01 (7.14%)+
Announcement
Release
8 May 2026 8:25AM
Price at Release
$0.140
Full Release
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Summary
Murray Cod Australia Limited is conducting a retail entitlement offer to raise approximately $18.6 million, with the offer fully underwritten by Ord Minnett and Stralis Capital Partners. The aim is to sell new shares at $0.15 each, with the offer closing on 20 May 2026. The raised capital will be utilized for general working capital, processing expansion, and restructuring costs. MCA's current biomass stands at 3,700 tonnes, representing a significant revenue opportunity at current market prices. The company is focusing on domestic market growth, leveraging partnerships with major distributors and retailers, while also maintaining export market opportunities in the Asia-Pacific, China, Middle East, and North America.
Key Points
  • Murray Cod Australia Limited (MCA) is conducting a 1 for 1 accelerated non-renounceable entitlement offer to raise approximately $18.6 million.
  • The issue price for new shares is set at $0.15 per share.
  • The Retail Entitlement Offer closes on 20 May 2026.
  • The Entitlement Offer is fully underwritten by Ord Minnett Limited and Stralis Capital Partners Pty Ltd.
  • The funds will be used for working capital, expanding processing capacity, restructuring costs, and offer expenses.
  • MCA has a biomass of 3,700 tonnes valued at $78.3 million, with different size grades for commercial sale.
  • MCA is expanding its market through partnerships with distributors and retailers like Woolworths and Coles.
  • Biomass growth has been supported by improved feeding practices and infrastructure expansion.
  • The company aims to focus on domestic market growth over the next 12-18 months while exploring export opportunities.
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.