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Magnetic North Acquisition ( (TSE:MNC) ) just unveiled an update.
Magnetic North Acquisition Corp. has announced an update on its non-brokered private placement of Series A Preferred Shares, aiming to raise up to US$11 million. The closing of this offering has been extended to March 21, 2025, with proceeds intended for investment activities and general corporate purposes. The offering is subject to conditions including TSX Venture Exchange acceptance, and if successful, will significantly increase the number of outstanding Preferred Shares.
More about Magnetic North Acquisition
Magnetic North Acquisition Corp. is an investment and management company with offices in Calgary and Toronto. It focuses on leveraging its management, operations, and capital markets expertise to ensure the success of its investee companies. The company trades on the TSX Venture Exchange under the symbols MNC and MNC.PR.A.
YTD Price Performance: 25.00%
Average Trading Volume: 1,595
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $4.09M
See more insights into MNC stock on TipRanks’ Stock Analysis page.