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Alara Resources ( (AU:AUQ) ) has provided an update.
Alara Resources Limited has announced a general meeting to discuss the issuance of placement shares. The company plans to issue 60,000,000 shares to ATI and 25,000,000 shares to Mr. Vikas Jain, a director, both at an issue price of A$0.04 per share. This move is aimed at raising capital and potentially strengthening the company’s financial position, which could have significant implications for its operational capabilities and stakeholder interests.
More about Alara Resources
Alara Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the production and exploration of copper and gold, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 676,367
Technical Sentiment Signal: Sell
Current Market Cap: A$22.26M
See more insights into AUQ stock on TipRanks’ Stock Analysis page.