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Magnum Mining Raises $1.9M in Entitlement Offer Amid Board Restructuring

5:37pm on Sunday 1st of June, 2025 AEST Mining
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Magnum Mining Raises $1.9M in Entitlement Offer Amid Board Restructuring

5:37pm on Sunday 1st of June, 2025 AEST
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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