ASX:MLX

2 stories mentioning ASX:MLXUpdated 43d ago

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Metals X to Subscribe for 34 Million Shares in Tanami Gold Capital Raising; Shares Reach All-Time High

Metals X (ASX:MLX) will subscribe for 34.4 million shares for a consideration of AU$2.1 million in the AU$70.5 million capital raising by Tanami Gold (ASX:TAM) through a fully underwritten one-for-one renounceable entitlement offer of new shares at AU$0.06 apiece, according to a Friday filing with the Australian bourse.The subscription will maintain the company's interest in Tanami Gold at 2.93% of the expanded issued capital, the filing said.Metals X shares rose nearly 2% in morning trade Friday and earlier reached an all-time high. Meanwhile, Tanami Gold shares fell 15%.

ASX:MLXASX:TAM

Asia50d ago

Stellar Resources Raises AU$22 Million via Placement; Shares Up 6%

Stellar Resources (ASX:SRZ) received firm commitments to raise up to AU$22.1 million at an issue price of AU$0.033 per share, according to a Monday filing with the Australian bourse.The capital raise includes the previously disclosed cornerstone AU$17 million placement to Metals X (ASX:MLX) and an additional capital raise of AU$5.1 million on the same terms, the filing said.Proceeds will be used to advance the Heemskirk project in Tasmania towards development, exploration on the East Renison and Granite Tor projects, and general working capital, per the filing.Stellar Resources and Metals X shares rose 6% in morning trade on Monday.

ASX:MLXASX:SRZ

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