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Balkan Mining and Minerals Ltd ( (AU:BMM) ) just unveiled an announcement.
Bayan Mining and Minerals Ltd announced the successful completion of a A$300,000 placement to its directors, following shareholder approval. This move reflects the directors’ confidence in the company’s strategic direction, as they subscribed to new shares issued at $0.047 each, along with unlisted options. The placement was managed by 62 Capital Pty Ltd, which will receive a fee settled in shares. This development underscores the company’s commitment to growth and aligns with its strategic objectives.
More about Balkan Mining and Minerals Ltd
Bayan Mining and Minerals Ltd is a company operating in the mining industry, focusing on mineral exploration and development. The company is listed on the Australian Securities Exchange (ASX) under the ticker BMM and is headquartered in Perth, Western Australia.
Average Trading Volume: 682,794
Technical Sentiment Signal: Sell
Current Market Cap: A$2.79M
Learn more about BMM stock on TipRanks’ Stock Analysis page.