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Akora Resources Ltd. ( (AU:AKO) ) has shared an update.
Akora Resources Ltd. has issued 1,500,000 ordinary shares to former Director Paul Bibby as part of meeting the conditions of his performance rights. This share placement was conducted without disclosure to eligible shareholders under specific provisions of the Corporations Act, and the company has confirmed compliance with relevant legislative requirements. This move may impact the company’s shareholder structure and reflects its ongoing corporate governance practices.
More about Akora Resources Ltd.
Akora Resources Ltd. operates in the mining industry, focusing on the production of cleaner iron ore to support greener steel manufacturing. The company is listed on the Australian Securities Exchange under the ticker AKO.
Average Trading Volume: 110,696
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$14.74M
Find detailed analytics on AKO stock on TipRanks’ Stock Analysis page.