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Magna Mining ( (TSE:NICU) ) has issued an announcement.
Magna Mining Inc. has announced a private placement offering to raise up to $25 million through unsecured convertible debentures and common shares. The funds will be used to advance its Sudbury projects and for general corporate purposes, potentially enhancing its market positioning and operational capabilities.
More about Magna Mining
Magna Mining Inc. operates in the mining industry, focusing on the exploration and development of nickel, copper, and platinum group metal projects in the Sudbury region of Ontario, Canada.
YTD Price Performance: 26.76%
Average Trading Volume: 272,372
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$278.6M
See more data about NICU stock on TipRanks’ Stock Analysis page.