Macarthur Minerals Announces Increased Private Placement Financing

Macarthur Minerals Limited (TSXV:MMS) announced it will increase its previously announced financing to a total of 12,500,000 units (the “Units”) of the Company at a price of $3.60 per Unit for aggregate gross proceeds of $45,000,000.

The press release states:

Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant shall entitle the holder to acquire an additional common share at a price of $4.50 during the period ending 24 months following the closing of the Offering.

To read the full press release, click here.