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Asra Minerals Limited ( (AU:ASR) ) has issued an announcement.
Asra Minerals Limited has announced an addendum to its Annual General Meeting notice, proposing additional resolutions for shareholder approval. The resolutions involve issuing shares to Challenge Drilling and Terra Drilling in lieu of drilling fees, as well as issuing consideration shares to sellers. These actions are part of the company’s strategic efforts to manage operational costs and strengthen its financial position by leveraging equity for services, which may impact shareholder value and company operations.
More about Asra Minerals Limited
Asra Minerals Limited operates in the mining industry, focusing on mineral exploration and extraction. The company is involved in the development and production of mineral resources, targeting markets that require raw materials for various industrial applications.
Current Market Cap: A$6.77M
See more insights into ASR stock on TipRanks’ Stock Analysis page.