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M3 MINING LIMITED — Capital/Financing Update 2022
Nov 13, 2022
65282_rns_2022-11-13_387bd339-4d20-4078-875b-7a0cfb0edfda.pdf
Capital/Financing Update
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ASX Announcement
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M3 MINING COMPLETES ENTITLEMENT ISSUE SHORTFALL PLACEMENT
M3 Mining Limited (ASX:M3M) (M3 Mining or the Company) is pleased to announce the successful placement of the Shortfall Shares from its recent Entitlement Offer.
The Company has placed the total shortfall of 6,102,650 Shares raising A$732,318 in accordance with Section 1.7 of the Entitlement Offer Document.
The Company received strong interest from parties looking to acquire the Shortfall Shares, with the offering oversubscribed by nearly 80%.
The funds raised will be used towards ongoing exploration of its projects and evaluation of acquisition opportunities.
An Appendix 2A follows.
This announcement has been authorised for issue by the Board of M3 Mining Limited in accordance with ASX Listing Rule 15.5.
For further information please contact:
Simon Eley Executive Director M3 Mining Ltd T +61 8 6365 5200 E [email protected]
Media David Tasker Chapter One Advisors T +61 433 112 936 E [email protected]
About M3 Mining
M3 Mining Limited (ASX:M3M) is a Perth-based mineral exploration company focused on creating value for shareholders through exploration and development of a high-quality copper and gold exploration portfolio. M3 Mining’s projects are strategically located in regions surrounded by majors and has experienced minimal modern, systematic exploration across both projects. The Company’s strategy is to apply a systematic approach to the assessment and prioritisation of its projects, all of which have the potential to produce material discoveries.
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Registered Address
Directors
Projects
West Perth, WA 6005 www.m3mining.com.au