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Andromeda Metals Calls General Meeting for Share and Option Issuance Approval

Story Highlights
  • Andromeda Metals plans to ratify 384,615,385 Placement Shares issued at $0.013 each.
  • The company seeks approval for 288,461,554 Placement Options to enhance market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Andromeda Metals Calls General Meeting for Share and Option Issuance Approval

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Andromeda Metals Limited ( (AU:ADN) ) has issued an announcement.

Andromeda Metals Limited has announced a General Meeting to discuss key resolutions related to the issuance of Placement Shares and Placement Options. The company seeks shareholder approval for the ratification of 384,615,385 Placement Shares issued at $0.013 per share and the approval of 288,461,554 Placement Options. These actions are part of the company’s strategy to leverage its ASX Listing Rule 7.1 placement capacity, potentially impacting its market positioning and investment appeal.

More about Andromeda Metals Limited

Average Trading Volume: 26,260,744

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$41.92M

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

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