Macarthur Minerals (TSE:MMS) has released an update.
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Macarthur Minerals Limited successfully closed its renounceable rights issue on March 22, 2024, raising $580,760 before costs. The offering, which did not include Canadian shareholders, will result in the issuance of over 5.8 million new shares and approximately 2.9 million new options, with trading on the ASX to commence from April 2, 2024. Company directors and management participated in the issue, signaling strong confidence in Macarthur’s future, particularly in its Lake Giles Iron Project.
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