Magnum Mining Announces Entitlement Issue to Raise $2.24 Million

Magnum Mining and Exploration Limited ( (AU:MGU) ) has issued an announcement.

Magnum Mining and Exploration Limited has announced a pro-rata non-renounceable entitlement issue, offering one share for every share held at a price of $0.002 per share, aiming to raise up to $2,243,302. This move is part of the company’s strategy to strengthen its financial position, though the shares are considered highly speculative. The offer is not extended to shareholders outside Australia and New Zealand, reflecting regulatory and cost considerations. Investors are advised to consider the company’s continuous disclosure obligations and other publicly available information before investing.

More about Magnum Mining and Exploration Limited

Technical Sentiment Signal: Sell

Current Market Cap: A$8.97M

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