CAPITAL MARKETS

Magnetic to list following successful $4.5 million float

MAGNETIC Minerals is set to list on the Australian Stock Exchange on Wednesday after closing its $4.5 million IPO fully subscribed. The company lodged a prospectus last month for the issue of 15 million shares at an issue price of 30 cents.

Greg Tubby

"We are very pleased with the investor response to this exciting opportunity, which centres on Magnetic's strategic landholding in the heartland of Australia's established mineral sands industry," said...

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