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Accelerate Resources Ltd. ( (AU:AX8) ) has issued an update.
Accelerate Resources Limited has called a general meeting of shareholders for 30 January 2026 in West Perth, where investors will vote on ratifying two substantial prior share placements conducted under ASX Listing Rules 7.1 and 7.1A. The resolutions seek shareholder approval for the earlier issue of a combined 177 million placement shares, a step that, if endorsed, will restore the company’s placement capacity for future capital raisings and is designed to align the company’s previous funding activities with regulatory requirements while preserving flexibility for further equity-based financing.
More about Accelerate Resources Ltd.
Accelerate Resources Limited is an Australian-listed company, with its shares traded on the ASX, and operates within the resources sector. The company’s activities are financed in part through equity placements to shareholders and investors under ASX Listing Rules, reflecting a typical capital-raising approach for junior and mid-tier resources companies focused on exploration and project development.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.05M
See more insights into AX8 stock on TipRanks’ Stock Analysis page.