Macarthur Minerals (TSE:MMS) has released an update.
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Macarthur Minerals is set to raise A$3.3 million through a renounceable rights issue, offering shares at a significant discount with additional incentives in the form of options. The rights issue allows shareholders to trade or apply for additional shares, with proceeds aimed at funding the Lake Giles Iron Project. The offer is accessible to shareholders in Australia and New Zealand, with trading commencing on March 8, 2024.
For further insights into TSE:MMS stock, check out TipRanks’ Stock Analysis page.