Dateline Resources issues new shares and affirms disclosure compliance

Dateline Resources Limited ( (AU:DTR) ) has provided an announcement.

Dateline Resources has issued 300,000 fully paid ordinary shares without a prospectus under provisions of the Corporations Act, and has lodged a cleansing notice to permit secondary trading of those shares. The company confirms it is compliant with its financial reporting and continuous disclosure obligations and states it is not aware of any undisclosed information that would materially affect investors’ assessment of the company or the new shares.

The company notes it is running various exploration programs at its Colosseum Gold and Rare Earth Element Project in California and will release results as they become available under its disclosure obligations. Until those results are known, Dateline maintains that the exploration data is not material to an informed assessment of its financial position or the rights attached to its shares, though it cautions that future results may impact the market price.

The most recent analyst rating on (AU:DTR) stock is a Sell with a A$0.27 price target. To see the full list of analyst forecasts on Dateline Resources Limited stock, see the AU:DTR Stock Forecast page.

More about Dateline Resources Limited

Dateline Resources Limited is an Australia-listed exploration company focused on precious and critical metals. Its key asset is the 100%-owned Colosseum Gold and Rare Earth Element Project in California, where it is conducting ongoing exploration programs aimed at defining mineral resources with potential strategic importance in the gold and rare earths markets.

Average Trading Volume: 12,050,746

Technical Sentiment Signal: Buy

Current Market Cap: A$1.09B

For detailed information about DTR stock, go to TipRanks’ Stock Analysis page.