Brief: Medallion Metals Receives Commitments To Raise A$4.8 Million (Before Costs) Through A Heavily Overbid Share Placement
25/11/2021 01:12
Nov 25 (Reuters) - Medallion Metals Ltd MM8.AX :
* RECEIVES COMMITMENTS TO RAISE A$4.8 MILLION (BEFORE COSTS)
THROUGH A HEAVILY OVERBID SHARE PLACEMENT
* ISSUE OF 24.7 MILLION FULLY PAID ORDINARY AT ISSUE PRICE
OF 19
AU CENTS PER SHARE
* PLACEMENT PROCEEDS TO ACCELERATE EXPLORATION EFFORTS &
DRILL
PROGRAMS AT CO'S PROJECTS PRIMARILY RAVENSTHORPE GOLD PROJECT
Source text for Eikon: ID:nASX5BlXL0
Further company coverage: MM8.AX
((Reuters.Briefs@thomsonreuters.com;))
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