06
Mar
04:10
Macarthur Minerals raises funds for Lake Giles iron
Australian miner Macarthur Minerals will undertake a renounceable rights issue to raise AUD 3.3 million ($2.15m) for the Lake Giles iron project in Western Australia, Kallanish notes.
The firm says in a statement that it intends to undertake a pro-rata renounceable rights issue of one new share for every five ordinary shares held at an issue price of AUD 0.10 per new share.
Additionally, for every two new shares issued, shareholders will receive …
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