Ann: Magnetite Mines secures up to $7M funding, page-4

HAPPY NEW YEAR!!!

“We are very pleased to have secured C/M Capital Partners as our funding partner at this pivotal time in the development of our flagship Razorback Iron Ore Project. Providing timely funding to the business as we complete detailed definitive agreements with JFE Shoji Australia for the provision of DFS funding and long-term strategic partnership, this facility allows us to submit our all-important Mining Lease Proposal to the South Australian Government as well as access to essential working capital. The form of funding, being convertible notes, provides a level of flexibility as we continue to attract new partner interest for the development of Razorback.”