VCI Global To Facilitate Capital Raising Of No Less Than $210M For Magnum Mining & Exploration
Portfolio Pulse from Benzinga Newsdesk
VCI Global has entered into an agreement to facilitate a capital raising of no less than $210 million for Magnum Mining & Exploration's Green Pig Iron Project in Saudi Arabia. Magnum will receive $10 million as working capital, and $200 million will be used for the Midmetal HIsmelt plant, with matching funds from the Saudi Investment Development Fund.
May 15, 2024 | 12:23 pm
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VCI Global is facilitating a $210 million capital raising for Magnum Mining & Exploration's Green Pig Iron Project in Saudi Arabia. This partnership could enhance VCI Global's reputation and revenue streams.
The capital raising agreement positions VCI Global as a key facilitator in a significant project, likely boosting its reputation and revenue potential.
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