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Can Magnetite Mines’ $2.65M Rights Issue Unlock Razorback’s Potential?
9:45am on Friday 8th of August, 2025 AEST
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Mining
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Can Magnetite Mines’ $2.65M Rights Issue Unlock Razorback’s Potential?
9:45am on Friday 8th of August, 2025 AEST
Key Points
Pro rata renounceable rights issue to raise up to $2.65 million
Offer includes one free attaching option per new share subscribed
Rights issue partially underwritten to $500,000 by Mahe Capital
Funds to support Razorback Project DFS, mining lease assessment, and strategic partner negotiations
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Magnetite Mines (ASX:MGT)
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