Macarthur Minerals Closes Private Placement to Rare Earth Minerals

Macarthur Minerals Limited (TSXV:MMS) announced it has closed the previously announced non-brokered private placement for aggregate gross proceeds of CAD$300,000 for 15,000,000 units at a price of CAD$0.02 per Unit to Rare Earth Minerals Plc.
The net proceeds from the Offering will be used for working capital and to further advance the development of lithium exploration licenses, which are under application, in the eastern Pilbara region of Western Australia.