Proposed issue of securities - MVL

Marvel Gold Limited has announced a proposed issue of securities, specifically 70,000,000 ordinary fully paid shares. The issue is a placement or other type of issue and is scheduled to take place on August 12, 2021. The offer price per security is AUD 0.06000. The purpose of the issuance is to fund exploration at the company's gold projects in Mali, complete the spin-out transaction of the Chilalo Graphite Project, and provide general working capital. There will be no change in the entity's dividend/distribution policy if the proposed issue proceeds.