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Metal Storm (ASX:MST) sweetens deal in rights issue

Metal Storm (ASX:MST) sweetens deal in rights issue

Defence technology company Metal Storm (ASX:MST) has sweetened the deal for its recently announced rights issue, increasing adding two more free options for every new share allotted.

The company had previously planned to offer only one option for every new share subscribed to under the option.

But after consulting with shareholders who indicated their desire for a better deal, Metal Storm decided to up its offer.

The board said it felt the new offer strikes a balance between the need to raise extra funds and the possible share dilution that could occur as a result of issuing new shares.

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Tags rights issueMetal StormASX:MST

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