Magnetite Mines Announces New Securities Issue
Company Announcements

Magnetite Mines Announces New Securities Issue

Magnetite Mines Limited (AU:MGT) has released an update.

Magnetite Mines Limited has announced a new securities issue, with plans to issue a total of 20,465,871 options, each allowing the holder to acquire one fully paid ordinary share at an exercise price of $0.30, expiring three years from the issue date. Additionally, there will be a separate placement or other types of issue totaling 3,769,666 securities, all set to be issued on October 2, 2024. This move could potentially offer investors a significant opportunity to invest in the company’s future.

For further insights into AU:MGT stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App