Magnetite Mines Limited (AU:MGT) has released an update.
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Magnetite Mines Limited has updated its original prospectus with a supplementary one, reflecting the results of a rights issue that raised $2.4 million, falling short of the targeted $4.1 million. The company plans to offer the remaining shares to investors within the next three months and has agreed to issue additional options to Mahe Capital, the lead manager and partial underwriter of the issue, as compensation for their services.
For further insights into AU:MGT stock, check out TipRanks’ Stock Analysis page.