Macarthur Minerals (TSE:MMS) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Macarthur Minerals has successfully completed a private placement, raising AUD$1.282 million through the sale of over 24 million shares and options. The funds are earmarked for working capital and operational expenses as the company ramps up marketing for its Lake Giles magnetite project. The placement included customary fees and was overseen by the company’s Executive Chairman and CEO, Mr Cameron McCall.
For further insights into TSE:MMS stock, check out TipRanks’ Stock Analysis page.