Macarthur Minerals (ASX:MIO) allows Eyeon Investments to convert notes to shares

Mining

Source: Macarthur Minerals

• Macarthur Minerals (MIO) is up 37 per cent on the market this morning after the board allowed Eyeon Investments to convert its notes into shares
• Eyeon will convert 20 notes — with gross proceeds totalling US$800,000 (approximately A$1 million) — into more than 2.6 million ordinary shares
• Last month, the company reflected on a busy second quarter as it progresses its Lake Giles Iron Project in Western Australia
• Macarthur said in the recap its main focus will remain on delivering a high-grade, low-impurity magnetite fines product at Lake Giles
• Company shares up 37 per cent on the market this morning and is trading for 68.5 cents per share

Read the full article on The Market Herald here: https://themarketherald.com.au/macarthur-minerals-asxmio-allows-eyeon-investments-to-convert-notes-to-shares-2020-09-02/