Results of non-renounceable entitlement offer

Marvel Gold Limited has announced the results of its non-renounceable entitlement offer, which aimed to raise approximately A$5.2 million. The offer closed with strong support from shareholders, with a take-up rate of over 75%. Valid applications were received for 88,432,053 new shares, raising $3.98 million. The company will be placing the remaining shortfall shares through Euroz Hartleys and expects this to be completed by April 6, 2022. The new shares are expected to be issued on March 31, 2022, with trading to commence on April 1, 2022. Shareholders are advised to confirm their holdings before trading the new shares.