Adelong Gold Issues New Shares Amidst Growth Moves

3D Resources Limited (AU:ADG) has released an update.

Adelong Gold Limited has announced the issuance of 37.5 million new shares at $0.004 each, along with two sets of unlisted options, to directors and management following shareholder approval. While engaged in high-level discussions for a potential transaction with Cosmo Gold Limited, details remain confidential with no binding agreement yet. Adelong Gold, owning the Adelong Gold Mine and Lithium Tenements in Brazil, is poised to become a mineral producer with recent acquisitions and exploration activities signaling growth.

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