Macarthur Minerals (TSE:MMS) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Macarthur Minerals is set to raise A$3.3 million through a renounceable rights issue, offering shares at a significant discount with additional incentives in the form of options. The rights issue allows shareholders to trade or apply for additional shares, with proceeds aimed at funding the Lake Giles Iron Project. The offer is accessible to shareholders in Australia and New Zealand, with trading commencing on March 8, 2024.
For further insights into TSE:MMS stock, check out TipRanks’ Stock Analysis page.
