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Magnum Gas & Power Ltd (MPE.AX)

MPE.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Magnum Gas and Power signs MoU with Sky Blue Capital Proprietary
Wednesday, 8 Jun 2016 06:30pm EDT 

Magnum Gas & Power Ltd : Magnum executes non binding gas supply mou . Announce that Magnum has signed a further memorandum of understanding with Sky Blue Capital Proprietary Limited . Magnum and Sky Blue intend to enter into a more definitive agreement prior to November 1, 2016 .  Full Article

Magnum Gas & Power expects to continue to have negative operating cash outflows
Tuesday, 10 May 2016 02:52am EDT 

Magnum Gas & Power Ltd : Will continue to have negative operating cash outflows . Is actively progressing a number of alternatives for funding its ongoing working capital and planned exploration program . At present discussing possibility of a placement with various parties on terms to be finalised . Expects to be able to continue its operations and to meet its business objectives .  Full Article

Magnum Gas & Power Ltd secures funding
Monday, 12 Oct 2015 10:43pm EDT 

Magnum Gas & Power Ltd:Has agreed terms for a placement to sophisticated investors at 0.5 cents per share which together with an unsecured loan will raise interim funding of $160,000.  Full Article

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