$MVL's Chilalo #Graphite IPO spin out details released. Evolution Energy Minerals.
- Raise $22m @ 20c
- Cornerstoned by #ESG fund for initial $8m
- MVL to hold ~31% of shares in new #IPO & receive $2m cash for sale
- Priority offer for holders
Prospectus: evolutionenergyminerals.com.au
$MVL #IPO
- An advanced DFS stage #graphite project
- Relatively low valuation compared to exploration stage peers
- Indicative market cap of $32.4m on listing
Read the prospectus: evolutionenergyminerals.com.au