Macarthur Minerals Extends Timetable for A$2 Million Rights Issue

Macarthur Minerals Ltd. ( (AU:MIO) ) has shared an update.

Macarthur Minerals Limited has updated the timetable for its renounceable rights issue, aiming to raise approximately A$2 million. This extension provides shareholders additional time to participate, following a regulatory review by ASIC. The revised schedule maintains the offer’s terms as previously disclosed, with a supplementary prospectus to be lodged once finalized. This move is part of Macarthur’s strategic efforts to strengthen its financial position and support its ongoing projects.

More about Macarthur Minerals Ltd.

Macarthur Minerals Limited is an iron ore development and lithium exploration company focused on advancing its Western Australia iron ore projects. The company’s key project, the Lake Giles Iron Project, includes significant hematite and magnetite resources, with proven and probable ore reserves. Macarthur also holds exploration interests in the Pilbara region of Western Australia.

Average Trading Volume: 233,157

Current Market Cap: A$2.23M

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