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Macarthur Minerals Ltd V.MMS

Alternate Symbol(s):  MMSDF

Metals & Mining Industrial Metals & Minerals
Macarthur Minerals Limited is an Australia-based iron ore development, and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Company has three iron ore projects in the Yilgarn region of Western Australia and two exploration project areas in the Pilbara, Western Australia for targeting iron ore. In addition, it has lithium brine interests in Railroad Valley, Nevada, United States. Its iron ore projects include Ularring Hematite Project, Moonshine Magnetite Project and Treppo Grande Project. The Lake Giles Iron Ore Projects (Moonshine Magnetite Project and the Ularring Hematite Project) are located on mining tenements covering approximately 62 square kilometers (km2), 175 kilometers northwest of Kalgoorlie in Western Australia. The Treppo Grande Project covers an area of over 68 km2. The Pilbara Projects tenements include E45/5324 and E45/4735. The Reynolds Springs lithium brine project covers an area of around 18 km2.


TSXV:MMS - Post by User

Macarthur Minerals Ltd
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(324)
•••
Comment by Amazighon Oct 23, 2017 4:15pm
165 Views
Post# 26846763

RE:RE:RE:RE:RE:Question ....need advice

RE:RE:RE:RE:RE:Question ....need advice
jetstream wrote:
This is from a post earlier today by Doo111

"
Say you have 300,000 shares now, that allows you to get 300000 "rights"

6 rights equals 1 unit

1 unit equals 1 common share and 1 warrant

So in this example  you would end up with 50000 common shares and 50000 warrants if fully subscribed (300000 rights divided by 6)  at a price of $3000 
Read more at https://www.stockhouse.com/companies/bullboard/v.mms/macarthur-minerals-ltd?postid=26843803#lbccYGRqRgQUJxUM.99



Actually if you have 300000 shares  (on 30 oktober)  you only need to sell $3000 worth of shares (e.g. 30000 shares @ 10 cents). The $3000 you can use to buy your rights of 50000 common shares and 50000 warrants. In the end you'll end up having 320000 shares plus 50000 warrants.
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