Metals X forced to raise equity

THE weak tin price has caused a funding squeeze for battling miner Metals X, and forced the diversified producer to launch a A$32.7 million equity raising.

Metals X forced to raise equity Metals X forced to raise equity Metals X forced to raise equity Metals X forced to raise equity Metals X forced to raise equity

Nifty.

The effort is pricing new shares at 15c, and entails a $15.5 million placement to undisclosed institutions and a non-renounceable rights issue seeking $17.2 million.

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