Antilles Gold Enhances Capital Structure with New Share Issuance

Antilles Gold ( (AU:AAU) ) has provided an update.

Antilles Gold Limited, listed on the ASX, has announced the issuance of 25 million ordinary fully paid shares at A$0.004 per share, along with one free attaching listed option per two shares issued. This move is part of the company’s June placement aimed at sophisticated investors. The issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Act. This strategic financial maneuver is expected to bolster Antilles Gold’s capital structure and support its ongoing operations.

More about Antilles Gold

Technical Sentiment Signal: Sell

Current Market Cap: A$8.51M

See more insights into AAU stock on TipRanks’ Stock Analysis page.