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Desoto Resources Ltd. ( (AU:DES) ) has provided an announcement.
DeSoto Resources Limited has announced the issuance of 46,681,113 fully paid ordinary shares as part of a Tranche 1 Placement, utilizing its existing capacity under ASX Listing Rules. This move, announced without disclosure under Part 6D.2 of the Corporations Act, signifies the company’s compliance with relevant legal provisions and its strategic efforts to enhance capital, potentially impacting its operational capabilities and market positioning.
More about Desoto Resources Ltd.
DeSoto Resources Limited is a company listed on the Australian Securities Exchange (ASX:DES). The company operates within the resources sector, focusing on the exploration and development of mineral resources.
Average Trading Volume: 616,950
Technical Sentiment Signal: Buy
Current Market Cap: A$37.34M
For an in-depth examination of DES stock, go to TipRanks’ Overview page.