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Desoto Resources Ltd. ( (AU:DES) ) has issued an update.
DeSoto Resources Limited, a company listed on the Australian Securities Exchange under the ticker DES, has announced the issuance of 40,818,887 fully paid ordinary shares as part of its Tranche 2 Placement. This issuance, which was approved at the company’s Annual General Meeting, was conducted without disclosure under Part 6D.2 of the Corporations Act, in compliance with relevant provisions. The announcement indicates that there is no excluded information requiring disclosure, suggesting transparency in the company’s operations. This move is likely to impact the company’s capital structure and could influence its market positioning.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.17 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.
Average Trading Volume: 658,048
Technical Sentiment Signal: Buy
Current Market Cap: A$39.68M
See more data about DES stock on TipRanks’ Stock Analysis page.