29Metals (ASX:29M) opened the retail component of its one-for-1.43 accelerated non-renounceable pro-rata entitlement offer, according to a Tuesday filing with the Australian bourse.

The offer has an issue price of AU$0.27 per share, with about 134.2 million new shares to be issued to raise roughly AU$36.2 million, the filing said.

The offer will close on Dec. 19, according to the filing.

The mining company's shares fell nearly 2% in morning trade Tuesday.

Price (AUD): $0.26, Change: $-0.01, Percent Change: -1.88%