Metal Storm Announce John Nicholls Appointment as Non-Executive Director
Mr John Nicholls has agreed to join the Board as a non-Executive Director immediately after the Prospectus for the previously announced capital raise is issued.
Mr John Nicholls has agreed to join the Board as a non-Executive Director immediately after the Prospectus for the previously announced capital raise is issued.
Metal Storm Limited (ASX: MST) today announced that it has signed a one year working capital facility of AU$5 million with Harmony Investment Fund Limited (Harmony) as previously foreshadowed in its 8 May 2006 announcement regarding capital raising plans.
Metal Storm Limited (ASX: MST) today announced that it had raised $3.0 million under the recent Share Purchase Plan (SPP). Shareholders who applied for $5,000 of shares under the SPP will receive 37,622 shares. Metal Storm will issue a total of 22,647,240 shares under the SPP.
Metal Storm advises that the US Marine Corps (USMC) Systems Command, on behalf of the USMC Warfighting Laboratory has placed a notice on the US Federal Business Opportunities website that it intends to award a Sole Source research and development Contract to Metal Storm for the design and fabrication of a stacked round firing system for FIN Stabilized High Explosive Ammunition.
Metal Storm Limited (ASX: MST) announced today it has been awarded a contract by US company StarChase LLC valued at US$1.2 million (approximately A$1.56 million).
The Directors of Metal Storm Limited (ASX: MST) are pleased to announce that the Company has signed a preliminary agreement with Harmony Capital Partners Pte Limited (Harmony) of Singapore to facilitate a Renounceable Rights Issue of A$27.5 million in unsecured Convertible Notes with attaching Options.
Metal Storm Limited (ASX: MST)(NASDAQ: MTSX) today announced its intention to raise up to $25 million of new capital in stages, opening with a Share Purchase Plan to raise up to $10 million and to give as many shareholders as possible the opportunity to participate.