Magnetite Mines Limited (AU:MGT) has released an update.
Magnetite Mines Limited has announced a rights and loyalty options offer for shareholders, providing opportunities to acquire shares at no initial cost, with options exercisable at $0.30 each over a three-year term. The offer, aimed at investors with a medium to long-term perspective, is contingent upon ASX approval for quotation. Shareholders can increase their stake in the company by capitalizing on the potential future growth of Magnetite Mines, though the company cautions that financial advice should be sought before any investment decision.
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