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Advance Metals Wins Strong Shareholder Backing for Capital Raising Resolutions

Story Highlights
  • Advance Metals shareholders approved all resolutions at the 23 December general meeting.
  • Investors strongly endorsed prior and future securities issues and performance rights, supporting capital plans.
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Advance Metals Wins Strong Shareholder Backing for Capital Raising Resolutions

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Pacific American Holdings Ltd. ( (AU:AVM) ) has shared an update.

Advance Metals Limited reported that all resolutions presented at its 23 December 2025 general meeting were passed by shareholders via poll under the Australian Corporations Act and ASX listing rules. Investors strongly backed the ratification of prior share issues under Tranche 1 of a placement, approvals to issue further Tranche 2 placement shares, free attaching options and options to Arlington Group Asset Management, as well as the grant of performance rights to David O’Connor, signalling robust shareholder support for the company’s current capital-raising structures and incentive arrangements.

More about Pacific American Holdings Ltd.

Average Trading Volume: 7,098,544

Technical Sentiment Signal: Buy

Current Market Cap: A$44.85M

For detailed information about AVM stock, go to TipRanks’ Stock Analysis page.

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