Metro Performance Glass (ASX:MPP, NZE:MPG) is seeking to raise up to NZ$8.9 million via a pro rata 1.6-for-one renounceable rights issue at NZ$0.03 per share, which will open on Sept.1 and close on Sept.12, according to a Monday Australian bourse filing.
The offer is conditional upon shareholder approval, the filing said.
The company has also received binding commitments to raise up to AU$5.1 million at the offer price, via the issue of shares to wholesale investors.
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