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Magnetite Mines Limited ( (AU:MGT) ) just unveiled an announcement.
Magnetite Mines Limited has announced a target market determination for its offer of up to 40,852,578 options over shares to eligible shareholders as part of a pro rata renounceable rights issue. These options, exercisable at $0.12 each, are designed for investors with a medium to long-term outlook, and they provide the right to gain exposure to the company’s equities. The options are subject to ASX approval for official quotation, and investors should be prepared for potential fluctuations and the possibility of losses, as there is no guaranteed income or capital protection.
More about Magnetite Mines Limited
Magnetite Mines Limited is a company operating in the exploration and mining industry, focusing on small cap equities. The company is listed on the Australian Securities Exchange (ASX) and is involved in offering options to acquire fully paid ordinary shares.
Average Trading Volume: 162,514
Technical Sentiment Signal: Sell
Current Market Cap: A$8.46M
For an in-depth examination of MGT stock, go to TipRanks’ Overview page.