CAPITAL MARKETS

AMC falls after share sale scrapped

AUSTRALIAN Magnesium Corp fell almost 20% to as low as $1.60 today after a lack of interest forced it to withdraw its $680 million equity raising, intended to help fund a magnesium mine and processing plant near Gladstone.

Greg Tubby
AMC falls after share sale scrapped

"AMC received strong support from key Australian institutional investors and the retail investment community. However, the combination of the current state of world financial markets and our timing requirements...

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