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The latest update is out from Coppermoly Limited ( (AU:COY) ).
Coppermoly Limited has announced the issue of 100,000,000 fully paid ordinary shares, which will be exempt from resale restrictions under section 708A(5) of the Corporations Act 2001. This move indicates compliance with the regulatory requirements and suggests the company’s confidence in its financial position and prospects, potentially impacting its market operations and shareholder value.
More about Coppermoly Limited
Coppermoly Ltd is a mineral exploration and resource development company focused on advancing copper, gold, and molybdenum exploration projects in the resource-rich Mount Isa Region of Queensland. The company is driven by a newly refreshed management and geological team dedicated to accelerating exploration programs and resource definition, targeting iron oxide copper gold (IOCG) and shear hosted copper and gold deposits.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €5.54M
Find detailed analytics on COY stock on TipRanks’ Stock Analysis page.