Magnum Mining & Exploration (ASX:MGU) said that its one-for-one pro-rata non-renounceable entitlement offer raised AU$490,072 and closed on June 24, via the issue of 245 million shares at AU$0.002 per share, according to a Thursday Australian bourse filing.
Shares of the company fell 25% on Thursday's close and earlier hit an all-time low.
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