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