Cobalt Blue Issues Shares to Acquire Stake in Halls Creek Project

AuKing Mining Ltd ( (AU:AKN) ) just unveiled an announcement.

Cobalt Blue Holdings Limited has issued 2,777,778 shares to AuKing Mining Limited as part of an agreement granting Cobalt Blue a 51% beneficial interest in the Halls Creek Project. The shares are subject to voluntary escrow until August 2025, and the issuance complies with the company’s available capacity under ASX Listing Rule 7.1, indicating a strategic move to strengthen its position in the mining sector.

More about AuKing Mining Ltd

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$2.87M

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