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Magnum Mining Unveils $7M Placement with 630M Options Expiring 2029

9:46am on Wednesday 14th of January, 2026 AEDT Mining
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Magnum Mining Unveils $7M Placement with 630M Options Expiring 2029

9:46am on Wednesday 14th of January, 2026 AEDT
Key Points
  • Placement to raise $7 million through 875 million shares at $0.008 each
  • Issue of 630.25 million new options exercisable at $0.015, expiring in 2029
  • Options allocated to placement participants, joint managers, brokers, and directors
  • Offer subject to shareholder approval and ASX quotation
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