Metal Storm rights issue subscribed to $2.9m

Metal Storm rights issue subscribed to $2.9m

Defence technology Metal Storm (ASX:MST) has revealed it has received acceptances and subscription agreements totalling at least $2.9 million of its $3.1 million rights issue, which closes on Monday.

As of Wednesday this week, the company had received applications for $709,500 in entitlements and $512,000 in additional shares, bringing the total to $1.2 million.

Metal Storm has also previously received commitments for up to $1.7 million in funding by other investors to take up any shortfall in the rights issue.

MST shares are today trading unchanged at $0.008.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags rights issueMetal StormASX:MST

More about Metal Storm

Show Comments