MRG Metals Announces Share Purchase Plan
Key points
- Share Purchase Plan to raise up to $750,000
- Eligible shareholders can apply for new shares at $0.002 each
- Funds will be used for exploration and development of Garies Rare Earth Project
Full summary
MRG Metals Limited has announced the commencement of a Share Purchase Plan (SPP) to raise up to $750,000. Eligible shareholders can apply for new shares at an issue price of $0.002 each. The SPP aims to fund the completion of the Garies Critical Minerals Project Mining Licence Application, diamond drilling for a maiden JORC Mineral Resource Estimate, geophysical surveys, and stream sediment programs. The Company is also seeking interest from potential strategic partners for further development of the Garies Rare Earth Project.
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