Mineral Commodities Ltd (ASX: MRC) refers to its partially underwritten nonrenounceable pro-rata rights issue of one (1) new fully paid Share (New Share) for every three (3) Shares held by eligible shareholders at an issue price of $0.075 (7.5 cents) per New Share, as announced on 7 October 2022. Further to the Company’s previous announcements, the Company wishes to advise that the Closing Date of the Offer has been extended from Friday, 18 November 2022 until Friday, 25 November 2022.
Further details of the Offer, including details on how to accept the Offer and key risks associated with an investment in the Company are set out in the Offer Document. Applications for new Shares and Options under the Offer may only be made by completing the Entitlement and Acceptance Form which accompanies the Offer Document. Shareholders eligible to participate in the Offer should read the Offer Document carefully and consult their professional advisers as necessary
INVESTORS & MEDIA CORPORATE
CEO and Managing Director
T: +61 8 6373 8900
T: +61 8 6373 8900
About Mineral Commodities Ltd:
Mineral Commodities Ltd (ASX: MRC) is a global mining and development company with a primary focus on the development of high-grade mineral deposits within the industrial and critical minerals sectors. The Company is a leading producer of zircon, rutile, garnet, and ilmenite concentrates through its Tormin Mineral Sands Operation, located on the Western Cape of South Africa. The Company owns and operates the Skaland Graphite Operation in Norway, the world’s highest-grade operating flake graphite mine and is the only producer in Europe. The planned development of the Munglinup Graphite Project, located in Western Australia, builds on the Skaland acquisition and is a further step toward an integrated, downstream value-adding strategy which ultimately aims to produce graphitic anode products and capitalise on the fast-growing demand for sustainably manufactured Lithium-Ion Batteries. In April 2022, the Company released its Five-Year Strategic Plan 2022-20261 to delineate and implement its aspiration to become a leading vertically integrated diversified producer of graphitic anode materials and value added mineral products with a commitment to operate with a focus on the Environment, Sustainability and Governance