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China Magnesium rights issue at massive premium an abject failure

Just 0.3% of shares taken up, but white knights offer to buy massive $7.4M shortfall

Haydn Black
China Magnesium rights issue at massive premium an abject failure

The rights issue is purely to cover working capital needs and overheads, and was pitched at 5c per share, a massive 92% premium to the share price in October.   With the premium there is little doubt...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

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