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Emerald Resources NL ( (AU:EMR) ) has issued an announcement.
Emerald Resources has expanded its share capital through the exercise of 70,000 unlisted employee options, resulting in the issue of 70,000 fully paid ordinary shares. The options were exercised at A$1.37 each and were originally issued in October 2022 with an expiry date in October 2027.
The company confirmed that the new shares were issued without a prospectus under the Corporations Act disclosure exemptions, and that it remains compliant with its continuous disclosure and financial reporting obligations. Emerald has also released an updated capital structure to the market, underscoring that there is no excluded information relevant to this securities issuance.
The most recent analyst rating on (AU:EMR) stock is a Buy with a A$8.20 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.
More about Emerald Resources NL
Emerald Resources NL is an Australian gold producer focused on the Okvau Gold Mine in Cambodia and exploration assets in both Cambodia and Australia. Its portfolio includes the producing Okvau operation, the Memot Project and the Dingo Range Gold Project, with significant exploration tenure and a stated commitment to strong ESG practices and carbon-neutral operations in Cambodia.
Average Trading Volume: 1,952,864
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.82B
See more data about EMR stock on TipRanks’ Stock Analysis page.