- Macarthur Minerals (MMS) is looking to raise approximately $6.25 million to fund ongoing work at its Lake Giles Project in Western Australia
- The company intends to issue around 11.36 million units at 55 cents each — comprising one share and one option to acquire an additional share at 90 cents
- A standby equity facility agreement has also been signed with L1 Capital Global Opportunities Master Fund, which will provide a further $20 million in financing
- The company is currently approaching a new phase of negotiations to deliver a feasibility study for the Lake Giles Project
- Shares in Macarthur Minerals are grey this morning and last traded for 62 cents per share on October 8
Macarthur Minerals (MIO) is looking to raise approximately $6.25 million to fund ongoing work at its Lake Giles Project in Western Australia.
Read the full article on The Market Herald here: https://themarketherald.com.au/macarthur-minerals-asxmio-lines-up-financing-package-to-support-work-at-lake-giles-2020-10-14/
