Arrow Minerals Limited (AU:AMD) has released an update.
Arrow Minerals Limited has announced the issuance of over 136 million new shares and more than 2.2 billion options following shareholder approval, alongside the exercise of a substantial number of zero exercise price options. This move aims to raise capital and expand the company’s financial capabilities to support the development of its iron ore and bauxite projects in Guinea, West Africa. The company has also reported the expiry of 4.3 million options and assured compliance with the necessary regulatory provisions.
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