Magnetic raises for exploration acceleration 

OFF the recent drilling success at its Western Australian gold projects, Magnetic Resources has completed a placement to accelerate further exploration, reporting “very strong interest” from both new and existing brokers and shareholders.

Magnetic raises for exploration acceleration  Magnetic raises for exploration acceleration  Magnetic raises for exploration acceleration  Magnetic raises for exploration acceleration  Magnetic raises for exploration acceleration 

Hawks Nest

The A$7.1 million was raised at $1.38 per share, a 15% discount to its recent trading levels, for 2.4% of the company.