Brief: Marvel Gold Says Chilalo Graphite Project IPO To Raise At Least $13 Mln

Marvel Gold

11/05/2021 02:00

May 11 (Reuters) - Marvel Gold Ltd  MVL.AX :
    * PROPOSED INITIAL PUBLIC OFFERING OF EVOLUTION TO RAISE A
MINIMUM
OF $13 MILLION
    * TO SPIN OUT CHILALO GRAPHITE PROJECT
    * TO REMAIN FOCUSED ON GOLD EXPLORATION IN MALI
    * IN ADDITION TO REPAYMENT OF EXISTING DEBT, MARVEL WILL
RECEIVE
BETWEEN 28% AND 43% OF SHARES ISSUED UNDER IPO
    * CO'S SHAREHOLDERS TO RECEIVE PRIORITY ENTITLEMENT TO
SUBSCRIBE
FOR EVOLUTION SHARES IN IPO

Source text for Eikon:  ID:nASX4qD3VJ 
Further company coverage:  MVL.AX 

 ((Reuters.Briefs@thomsonreuters.com;))