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Magnum Mining and Exploration Limited ( (AU:MGU) ) has provided an update.
Magnum Mining & Exploration Limited has raised approximately A$3.1 million through the issue of 388.9 million new fully paid ordinary shares at A$0.008 per share under a shareholder-approved placement, with the securities issued without a prospectus in accordance with Australian Corporations Act provisions. The company, which confirms it is up to date with its financial reporting and continuous disclosure obligations, says it is continuing to identify and review complementary commercial opportunities at an early and confidential stage, signaling potential future strategic transactions while committing to keep the market informed.
More about Magnum Mining and Exploration Limited
Magnum Mining & Exploration Limited is an Australia-listed resources company focused on mining and exploration projects, with its securities traded on the ASX under the code MGU and on the OTCQB in the United States as MGUFF. The company actively seeks commercial opportunities that complement its existing project portfolio and ongoing exploration activities.
Average Trading Volume: 19,059,728
Technical Sentiment Signal: Sell
Current Market Cap: A$15.42M
For detailed information about MGU stock, go to TipRanks’ Stock Analysis page.