Millennium Minerals extends Entitlement Offer

Company News

by Anna Napoli

Millennium Minerals (ASX:MOY) has extended the closing date for its $15 million Entitlement Offer by 10 business days to 27 March 2019.

The extension allows time for receipt of FIRB approval for the issuance of shortfall shares to IMC Resources Gold Holdings.

The pro-rata offer gives eligible shareholders the opportunity to purchase shares at an issue price of 16.5 cents per Share, on the basis of 1 new Share ("New Share") for every 8.8 Shares held.

Proceeds from capital raising will be used to fastrack several of Millennium’s key growth initiatives at Nullagine and ramp up of exploration targeting high-grade ore sources.

Shares in Millennium Minerals (ASX:MOY) closed flat at 17.5 cents cents yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.