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An announcement from Mitre Mining Corporation Limited ( (AU:ASL) ) is now available.
Andean Silver Limited has strengthened its capital position with the issue of 450,000 fully paid ordinary shares following the exercise of an equivalent number of unquoted options at $0.40 each, raising A$180,000 before costs. The company confirmed that the new shares were issued without a prospectus under the Corporations Act’s disclosure exemptions and stated it remains compliant with its continuous disclosure and financial reporting obligations, indicating no undisclosed price-sensitive information, which provides reassurance to investors about regulatory compliance and transparency around the placement.
The most recent analyst rating on (AU:ASL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Mitre Mining Corporation Limited stock, see the AU:ASL Stock Forecast page.
More about Mitre Mining Corporation Limited
Andean Silver Limited is an Australian-listed resources company focused on silver exploration and development, with its shares traded on the ASX and OTCQX markets. The company operates within the broader precious metals sector, targeting investors seeking exposure to silver and related mineral assets.
Average Trading Volume: 1,778,223
Technical Sentiment Signal: Buy
Current Market Cap: A$495.3M
Find detailed analytics on ASL stock on TipRanks’ Stock Analysis page.