Midwest Gold Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/09/2025 ,inter alia, to consider and approve 1. The proposal for fund raising ....
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Midwest Gold Ltd has informed BSE that its Board of Directors will meet on September 5, 2025, to consider and approve a proposal for raising funds. The company plans to issue equity shares, convertible securities, or any other eligible securities, either on a preferential basis or through any other permissible mode or combination. The proposal is subject to necessary regulatory and statutory approvals, including shareholder approval. The trading window for dealing in the company's securities has been closed from September 2, 2025, until 48 hours after the meeting outcome is disclosed.
This is a forward-looking announcement and does not confirm any actual fund raise yet. If approved, it could lead to dilution for existing shareholders depending on the size and pricing of the issue. Investors should watch for the board meeting outcome on September 5 for details on the amount, mode, and pricing of the proposed fund raise.