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Magnum Mining Launches $1.94M Entitlement Offer to Boost Rare Earths Exploration
8:19am on Wednesday 5th of February, 2025 AEDT
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Mining
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Magnum Mining Launches $1.94M Entitlement Offer to Boost Rare Earths Exploration
8:19am on Wednesday 5th of February, 2025 AEDT
Key Points
Entitlement offer of two shares for every five held at $0.006 per share
Up to $1.94 million to be raised with one free new option per share subscribed
Funds targeted for exploration of Palmares and Buena Vista projects and working capital
Lead manager Indian Ocean Securities to receive 20 million listed options as part of fees
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Magnum Mining and Exploration (ASX:MGU)
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