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MC Mining Secures US$16 Million Capital Support from Kinetic Development Group via Bridge Loan and Share Subscription
5:23pm on Thursday 13th of August, 2026 AEST
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Mining
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MC Mining Secures US$16 Million Capital Support from Kinetic Development Group via Bridge Loan and Share Subscription
5:23pm on Thursday 13th of August, 2026 AEST
Key Points
US$8 million unsecured bridge loan provides immediate working capital
US$16 million share subscription split into two equal tranches
Subscription shares priced at US$0.2089 each, subject to shareholder approval
Proceeds to support Makhado Project development and company operations
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