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Magnum Mining Raises $1.9M in Entitlement Offer Amid Board Restructuring
8:19am on Wednesday 5th of February, 2025 AEDT
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Mining
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Magnum Mining Raises $1.9M in Entitlement Offer Amid Board Restructuring
8:19am on Wednesday 5th of February, 2025 AEDT
Key Points
Entitlement offer to raise up to $1.94 million via shares and options
Offer includes two shares for every five held plus one free option per share
Funds targeted for exploration and development of Buena Vista and Palmares projects
Managing director Neil Goodman transitions to non-executive role with remuneration restructuring
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Magnum Mining and Exploration (ASX:MGU)
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