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Desoto Resources Ltd. ( (AU:DES) ) has shared an update.
DeSoto Resources Limited has issued nearly 20 million fully paid ordinary shares to the shareholders of Angex Australia Pty Ltd as part of its acquisition of the company. This strategic move, approved by shareholders, involves escrow arrangements for the shares and aligns with DeSoto’s compliance with relevant provisions of the Corporations Act, potentially enhancing its market position and stakeholder value.
More about Desoto Resources Ltd.
DeSoto Resources Limited operates in the resource sector, focusing on the acquisition and development of mineral properties. The company is listed on the Australian Securities Exchange under the ticker ASX:DES.
Average Trading Volume: 360,094
Technical Sentiment Signal: Strong Buy
Learn more about DES stock on TipRanks’ Stock Analysis page.