Reported Earlier, Metals Acquisition Limited Prices A$140M Institutional Placement At A$18/CDI
Portfolio Pulse from Benzinga Newsdesk
Metals Acquisition Limited (MAC) has announced an institutional placement to raise approximately A$140 million by issuing 7.8 million new Chess Depositary Interests at A$18 each. The funds will help optimize MAC's balance sheet and support strategic growth following its acquisition of CSA from Glencore.
October 09, 2024 | 6:29 am
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Metals Acquisition Limited (MTAL) is raising A$140 million through an institutional placement to optimize its balance sheet and support growth after acquiring CSA from Glencore.
The institutional placement will provide MTAL with significant capital to improve its financial position and pursue growth opportunities. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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