Macarthur Minerals (TSE:MMS) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Macarthur Minerals Limited successfully closed its renounceable rights issue on March 22, 2024, raising $580,760 before costs. The offering, which did not include Canadian shareholders, will result in the issuance of over 5.8 million new shares and approximately 2.9 million new options, with trading on the ASX to commence from April 2, 2024. Company directors and management participated in the issue, signaling strong confidence in Macarthur’s future, particularly in its Lake Giles Iron Project.
For further insights into TSE:MMS stock, check out TipRanks’ Stock Analysis page.
