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E79 Gold Mines Limited ( (AU:E79) ) has issued an update.
E79 Gold Mines Limited has issued 28,571,429 new fully paid ordinary shares without a disclosure document, relying on the provisions of Section 708 of the Corporations Act 2001. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations under the Corporations Act and stated there is no excluded information that would need to be disclosed, signalling that the capital raising has been conducted in compliance with regulatory requirements and without the need for a full prospectus, which may provide funding flexibility with limited additional disclosure burden for investors.
The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.
More about E79 Gold Mines Limited
E79 Gold Mines Limited is an Australian-listed gold exploration and mining company (ASX: E79) focused on advancing its gold assets, with its head office based in Western Australia. The company operates within the resources sector, targeting opportunities in gold projects to create value for shareholders in the junior mining and exploration market.
Average Trading Volume: 927,745
Technical Sentiment Signal: Buy
See more data about E79 stock on TipRanks’ Stock Analysis page.