Magnum Mining and Exploration Limited (MGU.AX)

VCI Global Provides Preliminary Funding for Saudi Project

KUALA LUMPUR, Malaysia, May 15, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the “Company”), is pleased to announce plans to facilitate the Capital Raising of no less than US$210 million for Magnum Mining & Exploration Limited (ASX: MGU) (“Magnum”) through its subsidiary, V Capital Consulting Limited (“VCCL”). The agreement with VCCL and 2x1.Digital Private Limited (“2x1.Digital”) is to undertake a capital raising of no less than US$210 million (“Capital R