July 1 (Reuters) - Magnis Resources Ltd MNS.AX :
* Response to media speculation MNS.AX
* Refers to an article in today's Australian financial review street talk
column in relation to a future capital raising
* Magnis confirms it currently has approximately $7 million in the bank
* Says there is no imminent capital raising as referred to in the article
* Current funding is sufficient to execute the near term work program
* Source text for Eikon ID:nASX6FLSmG
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