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Belararox Ltd. ( (AU:BRX) ) has provided an announcement.
Belararox Ltd has completed the second tranche of a previously announced share placement, issuing 35,999,994 fully paid ordinary shares that will rank equally with the company’s existing stock. The company has confirmed via a cleansing notice that the shares were issued without a prospectus under relevant Australian Corporations Act provisions, while stating it remains compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information that would materially affect investors’ assessment of the company or the rights attached to the new shares.
The most recent analyst rating on (AU:BRX) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Belararox Ltd. stock, see the AU:BRX Stock Forecast page.
More about Belararox Ltd.
Average Trading Volume: 547,590
Technical Sentiment Signal: Hold
Current Market Cap: A$22.65M
Find detailed analytics on BRX stock on TipRanks’ Stock Analysis page.