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The latest update is out from CuFe Limited ( (AU:CUF) ).
CuFe Ltd has announced the issuance of 229,411,765 shares, completing the placement shares mentioned in a previous announcement. This issuance increases the company’s total issued capital to 1,665,350,306 ordinary shares. The company has complied with relevant provisions of the Corporations Act 2001, ensuring transparency and adherence to regulatory requirements. This move potentially strengthens CuFe’s financial position and supports its strategic focus on high-grade iron ore and copper projects, which could have positive implications for its market positioning and stakeholders.
More about CuFe Limited
CuFe Ltd (ASX: CUF) is an emerging company in the copper and iron ore industry. The company focuses on high-grade premium iron ore projects and has exposure to copper, a strategic metal. CuFe holds interests in various projects and tenements in Australia that are prospective for iron ore, copper, and gold.
YTD Price Performance: 300%
Average Trading Volume: 5,053,681
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$57.44M
For detailed information about CUF stock, go to TipRanks’ Stock Analysis page.