Latrobe Magnesium completes $3.06M placement
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Latrobe Magnesium Limited has completed a placement to raise funds for its magnesium demonstration plant, as reported on page one. The company issued shares to sophisticated investors, with a portion of the funds allocated for working capital and to prevent delays in construction. The total budget for the demonstration plant is outlined, with remaining costs to be covered by various funding sources, also detailed on page one.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Latrobe Magnesium Limited on 6ix
Story so far
Earlier from Latrobe Magnesium
- Latrobe Magnesium to send all initial product to high-value US market
- Progress Report
- Latrobe Magnesium Completes $4.2M Placement
- Latrobe Magnesium picks Malaysia for 100,000 tonnes per annum magnesium plant
- LMG selects Malaysia for its 100,000tpa magnesium plant
Later from Latrobe Magnesium
- Share Purchase Plan Offer & Application Form
- Share Purchase Plan Offer - Record Date Amended
- Latrobe Magnesium completes $1.1M placement
- LMG Share Purchase Plan closing date extended
- Pause in Trading
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