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Why Did Magnum Mining’s $418K Entitlement Offer Fall Flat?
1:33am on Monday 2nd of June, 2025 AEST
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Mining
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Why Did Magnum Mining’s $418K Entitlement Offer Fall Flat?
1:33am on Monday 2nd of June, 2025 AEST
Key Points
Entitlement offer closed with 22% subscription, raising $418,000
Offer failed to meet Corporations Act quotation condition
Entitlement offer declared void, application monies to be refunded
Company to pursue alternative financing options
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Magnum Mining and Exploration (ASX:MGU)
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