Marathon to rattle tin for $7.77M

MARATHON Resources has announced a partially underwritten non-renounceable rights issues to raise up to $A7.77 million that will be used to develop the Mt Gee uranium project in South Australia.

Marathon to rattle tin for $7.77M Marathon to rattle tin for $7.77M Marathon to rattle tin for $7.77M Marathon to rattle tin for $7.77M Marathon to rattle tin for $7.77M

The two-for-five non-renounceable pro rata rights issue will have an issue price of 32c per new Marathon share, representing a 30% discount to the 46c closing price of Marathon shares on Friday.