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The latest update is out from Dundas Minerals Limited ( (AU:DUN) ).
Dundas Minerals Limited has issued 22,400,000 fully paid ordinary shares to professional and sophisticated investors as part of a Tranche 2 Placement. This issuance was conducted without disclosure under the Corporations Act, and the company has confirmed compliance with relevant legal provisions. This move is likely to impact Dundas Minerals’ operations by potentially enhancing its financial position, thereby supporting its exploration activities in Western Australia.
More about Dundas Minerals Limited
Dundas Minerals Limited is an exploration company operating in the gold-rich Kalgoorlie region and southern Albany-Fraser Orogen in Western Australia. The company has an option agreement with Horizon Minerals Limited to acquire a significant interest in two gold projects and holds various exploration licenses for gold, copper, and nickel.
Average Trading Volume: 313,031
Technical Sentiment Signal: Buy
Current Market Cap: A$5.63M
For an in-depth examination of DUN stock, go to TipRanks’ Overview page.