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Who Exactly Is Behind Macarthur’s Convertible Note Funding?
3:01pm on Friday 13th of June, 2025 AEST
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Mining
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Who Exactly Is Behind Macarthur’s Convertible Note Funding?
3:01pm on Friday 13th of June, 2025 AEST
Key Points
Convertible note counterparty identified as Eyeon No 2 Pty Ltd, not related to Macarthur
Company lacks sufficient placement capacity under ASX Listing Rule 7.1 for full share issuance
Share issuance on note conversion subject to shareholder approval
Replacement Prospectus lodged on 13 June 2025 provides further details
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Macarthur Minerals (ASX:MIO)
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