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Magna Mining ( (TSE:NICU) ) has shared an update.
Magna Mining Inc. has announced an increase in its private placement offering of unsecured convertible debentures from C$15 million to C$22 million. The company plans to utilize the proceeds to advance its Sudbury projects and for general corporate purposes, with the offering expected to close by February 27, 2025, pending regulatory approvals.
More about Magna Mining
Magna Mining is an exploration and development company focused on nickel, copper, and PGM projects in the Sudbury Region of Ontario, Canada. Its flagship assets include the Shakespeare Mine, a feasibility stage project with major permits, and the past producing Crean Hill Mine.
YTD Price Performance: 29.58%
Average Trading Volume: 271,769
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$284.7M
See more data about NICU stock on TipRanks’ Stock Analysis page.
