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CMET

0.00%
NEUTRAL

Capital Metals Announces WRAP Retail Offer for up to £300,000

Why we think this is neutral

The RNS announces a WRAP Retail Offer for up to £300,000, which is a standard equity fundraising activity. There are no clear positive or negative signals in the announcement, so a neutral sentiment score is appropriate.

Key Points

  • WRAP Retail Offer for up to £300,000
  • Issue of up to 12,000,000 new ordinary shares at 2.5 pence per share
  • Proceeds to be used for the same purposes as the Ambeon Capital investment
  • Offer open to eligible investors in the UK, including existing shareholders

Summary

The mineral sands company is raising up to £300,000 through a retail offer on the Winterflood Retail Access Platform.

Capital Metals plc (AIM: CMET) is conducting a WRAP Retail Offer for up to £300,000 through the issue of new ordinary shares at 2.5 pence per share. The proceeds will be used for the same purposes as the US$2 million strategic investment by Ambeon Capital PLC announced earlier today. The WRAP Retail Offer is open to eligible investors in the UK, including existing shareholders of the Company.

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