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Stock impact report

Metals Acquisition Limited Raises ~A$150 Million (~US$103 Million) Through Successful Placement

Metals Acquisition Corp (MTAL) 
Company Research Source: Business Wire
ST. HELIER, Jersey--(BUSINESS WIRE)--Metals Acquisition Limited (NYSE: MTAL; ASX:MAC)HighlightsMAC has received firm commitments to raise approximately A$150 million (approximately US$103 million)1 (before costs) at an issue price of A$18.00 per New CDIPlacement was well supported with support from new and existing institutional and sophisticated investors both in Australia and offshore, which is testament to the high-quality nature of the CSA Copper Mine and the significant work that has been undertaken by management to deliver on a range of operational improvements over the past yearPlacement proceeds will be used to optimise MAC’s balance sheet and de-lever (by retiring its existing Mezzanine Debt Facility at the earliest practicable date) while also providing additional flexibility to pursue strategic inorganic growth opportunitiesCommentaryMetals Acquisition Limited (NYSE: MTAL; ASX:MAC) (MAC or the Company) is pleased to advise that the Company has received firm commitments Show less Read more
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