MFE 0.00% 1.0¢ magnetite mines limited

oct 22 record date for bargain rights issue

  1. 255 Posts.
    One new share for every one share held on the record
    date at an issue price of $0.10 per new share,
    together with approximately 33,776,609 free attaching
    new options, each exercisable at $0.10 on or before
    31 October 2011, on the basis of one new option for
    every three new shares issued (if a new option is
    exercised between 3 May 2010 and 31 May 2010 the new
    option holder is entitled to receive a secondary option
    exercisable at $0.12 on or before 31 October 2013),
    to raise approximately $10,132,983 ("Rights Issue").

    The Record Date for determining entitlements under
    the Rights Issue is 22 October 2009.
 
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