Filed with ASX · · 2 pages · English
Additionally, the company secured further funding through a top-up placement aimed at sophisticated and professional investors, which raised additional capital. The funds raised will be utilized for advancing the Razorback Iron Ore Project and other strategic initiatives. The announcement highlights strong shareholder support and the company's commitment to its growth strategy.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
ASX ANNOUNCEMENT 28 OCTOBER 2026 MAGNETITE MINES RAISES $1.32 MILLION THROUGH FULLY SUBSCRIBED SPP AND SEPARATE TOP-UP PLACEMENT HIGHLIGHTS: • SPP closes with approximately $0.86 million in subscriptions, exceeding the approximately $0.82 million maximum that the Company could ultimately accept...
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