EMM 0.00% 0.7¢ electrometals technologies limited

new share placement 25m at 0.05

  1. 1,482 Posts.
    Announcement today on ASX that EMM will issue 25 million shares at a price of 5c (over the next two months) to raise capital to fund international sales and marketing and hire a new CEO.

    What's the board opinion on this? Will the dilution of EMM's market capital be negatively affected by this, or is it a sign of strength?
 
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Currently unlisted public company.

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