Macarthur Minerals (ASX:MIO) closes $6.25M placement
Mining
ASX:MIO MCAP $76.09M26 October 2020 10:45Read the full story on The Market Herald here: https://themarketherald.com.au/macarthur-minerals-asxmio-closes-6-25m-placement-2020-10-26/
- Macarthur Minerals (MIO) has closed its previously announced placement, securing subscriptions for almost $6.25 million
- The company issued a total of 11,362,618 units at $0.55 each, comprised of one share and one share purchase warrant
- Each warrant will be exercisable at a price of $0.90 per share for a period of 24 months
- The proceeds will be used to advance a feasibility study for the Lake Giles Iron Project in Western Australia, while discussions for a main round of project financing progress
- Shares in Macarthur Minerals are steady at Monday's open, worth 60 cents per share
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- Macarthur Minerals (ASX:MIO) closes $6.25M placement
Macarthur Minerals (ASX:MIO) closes $6.25M placement
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