Macarthur Minerals Rights Trading Commencement

Macarthur Minerals Limited (ASX: $MIO) has announced the commencement of rights trading on the ASX under the ASX code MIOR for the Renounceable Rights Issue. The Rights Issue is being offered to eligible shareholders registered at the Record Date of 7 March 2024 with a registered address in Australia and New Zealand. Rights trading will end on Friday, 15 March 2024, and the Closing Date for the Rights Issue is 5:00 pm (AWST) on Friday, 22 March 2024.

Executive Commentary on Rights Trading Commencement

The Company is pleased to advise the commencement of rights trading for the Renounceable Rights Issue. Eligible shareholders are encouraged to take up their entitlements under the Offer and may also apply for shortfall under the Rights Issue. The Rights Issue presents an opportunity for eligible shareholders to subscribe for New Shares at an offer price of $0.10 per share, along with free attaching options for every two New Shares subscribed for and issued. We look forward to the response from our eligible shareholders and the successful completion of the Rights Issue.

Summary of Macarthur Minerals Rights Trading Announcement

Macarthur Minerals Limited (ASX: $MIO) has initiated the rights trading for the Renounceable Rights Issue, offering eligible shareholders the opportunity to subscribe for New Shares at an offer price of $0.10 per share. The Rights Issue, which includes free attaching options for every two New Shares subscribed for and issued, is set to conclude on Friday, 22 March 2024. Eligible shareholders are encouraged to take up their entitlements under the Offer and may also apply for shortfall under the Rights Issue. The Company's focus on iron ore development and lithium exploration in Western Australia reflects its commitment to bringing its projects to production. The successful completion of the Rights Issue is anticipated to further support the Company's corporate strategy and growth objectives.