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