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Magnetic raises for exploration acceleration 

OFF the recent drilling success at its Western Australian gold projects, Magnetic Resources has completed a placement to accelerate further exploration, reporting "very strong interest" from both new and existing brokers and shareholders.

Haydn Black
Hawks Nest

Hawks Nest

The A$7.1 million was raised at $1.38 per share, a 15% discount to its recent trading levels, for 2.4% of the company.   The bulk of the funds will be directed to the Hawks Nest 9 and Lady Julie projects...

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