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Magnum Mining Extends Expiry Date for MGU Options

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Magnum Mining Extends Expiry Date for MGU Options

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Magnum Mining and Exploration Limited ( (AU:MGU) ) just unveiled an announcement.

Magnum Mining and Exploration Limited announced an update regarding the expiry date of its proposed MGU Options, which are exercisable at 1.2 cents. The expiry date has been extended to March 18, 2028, due to the extension of the closing date of their Entitlement Offer by two weeks, now set for March 10, 2025. This adjustment in timeline may influence the company’s market positioning by potentially increasing investor interest and providing more time for stakeholders to engage with the offer.

More about Magnum Mining and Exploration Limited

Magnum Mining and Exploration Limited operates in the mining and exploration industry, focusing primarily on the exploration and development of mining projects. The company is engaged in identifying and developing mineral resources, with a market focus that includes securing mining assets and expanding its resource base.

Average Trading Volume: 1,214,534

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$4.86M

Find detailed analytics on MGU stock on TipRanks’ Stock Analysis page.

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