Proposed issue of securities - MVL

Marvel Gold Limited has announced a proposed issue of securities, including ordinary fully paid shares and unquoted options. The company plans to issue 158,333,333 fully paid shares at an issue price of AUD 0.012 per share. Additionally, 10,000,000 unquoted options with an exercise price of AUD 0.024 will be issued. The purpose of the securities issue is to fund business development initiatives, support general working capital needs, and rationalize the company's exploration interests in Mali. Canaccord Genuity (Australia) Limited and Bridge Street Capital Partners will act as joint lead managers for the placement, receiving a 6% fee on the gross proceeds.