PERTH (miningweekly.com) – Metals miner MMG has launched a rights issue to raise between HK$3.9-million and HK$4-million to repay its existing debt and support project development.
The company said that it would issue between 2.65-million and 2.69-million shares at a price of HK$1.50 each, to raise the funds. MMG would provisionally provide one right in nil-paid form for every two shares held by qualifying shareholders.
The rights issue will close on December 7 and will not require shareholder approval.
Edited by: Creamer Media Reporter
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