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Emu NL ( (AU:EMU) ) has issued an update.
Emu NL announced that all four resolutions proposed by a requisitioning shareholder at the recent general meeting were rejected, with shareholders supporting the incumbent directors. The company also issued new fully-paid shares through a placement, which was necessary for fundraising, and emphasized that the resolutions would have failed regardless of the new shares’ votes. The board is now focused on progressing the Yataga Copper Project.
More about Emu NL
Emu NL is a company focused on advancing its Yataga Copper Project, which is considered to have significant potential in the mining industry.
Average Trading Volume: 259,554
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.07M
For a thorough assessment of EMU stock, go to TipRanks’ Stock Analysis page.