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Magnetite Mines Launches $2.65M Rights Issue to Advance Razorback Project
9:36am on Friday 8th of August, 2025 AEST
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Mining
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Magnetite Mines Launches $2.65M Rights Issue to Advance Razorback Project
9:36am on Friday 8th of August, 2025 AEST
Key Points
1 for 3 renounceable rights issue at $0.065 per share with 25-30% discount
Partial underwriting of $0.5 million by Mahe Capital
Free attaching options exercisable at $0.12 over 2.5 years
Funds to support DFS funding, mining lease approvals, water supply studies, and tenement assessment
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Magnetite Mines (ASX:MGT)
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