Magnetite shifts into high gear after oversubscribed rights issue raises $5.95m

Magnetite shifts into high gear after oversubscribed rights issue raises $5.95m   Special Report: Magnetite Mines has received a resounding vote of confidence from its shareholders after its $5.65m rights issue closed significantly oversubscribed. A further $300,000 was placed to lead manager Mahe Capital in lieu of cash fees payable under the underwriting agreement, taking the…