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Macarthur Minerals Ltd(MMS-X)
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RENOUNCEABLE RIGHTS ISSUE TO RAISE UP TO A$3.3m

Newswire.ca - Wed Feb 28, 7:00AM CST

VANCOUVER, BC, Feb. 28, 2024 /CNW/ - Macarthur Minerals Limited (TSXV: MMS) (ASX: MIO) (OTCQB: MMSDF) (the Company or Macarthur), is pleased to announce its intention to undertake a pro-rata renounceable rights issue of one (1) New Share for every five (5) Ordinary Shares held at the Record Date at an issue price of A$0.10 per New Share. Additionally, for every two (2) New Shares issued, shareholders will receive one (1) free attaching New Option. Each New Option is exercisable at A$0.25 per Ordinary Share and expires 18 months from the date of issue. This initiative aims to raise approximately A$3.3 million.

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