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Corazon Mining Limited ( (AU:CZN) ) has provided an update.
Corazon Mining Limited has announced the granting of exploration licenses E52/4460 and E52/4468, satisfying a milestone for Tranche A Performance Rights conversion, resulting in the issuance of 7,500,000 fully paid ordinary shares. Additionally, the company issued 11,500,000 shares as part of a $1.8 million placement, both of which will rank equally with existing shares, indicating a strategic move to strengthen its capital structure and support its exploration activities.
More about Corazon Mining Limited
Corazon Mining Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is listed on the Australian Securities Exchange under the ticker CZN.
Average Trading Volume: 182,859
Technical Sentiment Signal: Sell
Current Market Cap: A$7.6M
For detailed information about CZN stock, go to TipRanks’ Stock Analysis page.