AMC scales down fund raising ambitions

AUSTRALIAN Magnesium Corp confirmed today it plans to launch a scaled-down $500 million capital raising after the failure of its original $680 million raising in July.

AMC scales down fund raising ambitions AMC scales down fund raising ambitions AMC scales down fund raising ambitions AMC scales down fund raising ambitions AMC scales down fund raising ambitions

The magnesium hopeful, which is also planning a bonus option issue, said it intends to lodge a new prospectus with the Australian Securities and Investments Commission by the end of September.

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