Marvel Gold Limited (ASX: MVL) has announced a pro rata non-renounceable entitlement offer, inviting eligible shareholders to subscribe for one new fully paid ordinary share for every five shares held. The offer is priced at $0.045 per new share, with the aim of raising approximately $5.2 million. The company confirms that the offer will be made under Part 6D.2 of the Corporations Act 2001 (Cth) and complies with relevant provisions of the Act. If all eligible shareholders take up their entitlements, the issuance of new shares will not affect the company's control. Any shortfall will result in dilution for non-subscribing shareholders.