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The latest announcement is out from Desoto Resources Ltd. ( (AU:DES) ).
DeSoto Resources Limited has issued 2,561,125 fully paid ordinary shares to joint lead managers Canaccord Genuity (Australia) and Euroz Hartleys, who elected to receive half of their placement fees in new shares at the offer price, following shareholder approval at the November 2025 AGM. The company has confirmed that the shares were issued without a prospectus under the Corporations Act’s disclosure exemptions and that it remains compliant with financial reporting and continuous disclosure obligations, signalling routine capital management and regulatory adherence with no undisclosed price-sensitive information for investors.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
More about Desoto Resources Ltd.
DeSoto Resources Limited (ASX: DES) is an Australia-listed company, with its securities traded on the Australian Securities Exchange and governed by Australian corporate and continuous disclosure regulations.
Average Trading Volume: 766,825
Technical Sentiment Signal: Sell
Current Market Cap: A$34.28M
For detailed information about DES stock, go to TipRanks’ Stock Analysis page.