Magnetite Mines Plans A$1.32 Million Raise via Share Purchase Plan
Australian miner Magnetite Mines is raising A$1.32 million through a share purchase plan for shareholders and a top-up placement of shares.
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what happened
Magnetite Mines Ltd said it raised A$1.32 million through a share purchase plan (SPP) and a top-up placement. According to Reuters, the SPP issue price stands at A$0.012 per share.
why it matters
The sum is small and the deal is routine for a company of this size, so it is unlikely to have a broad effect on markets.
tags
instruments
sources
- Magnetite Mines Raises A$1.32 Million Through SPP And Top-Up Placement — Reuters, 28 October 2026 at 01:28 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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