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Fin Resources Limited ( (AU:FIN) ) has provided an announcement.
Fin Resources Limited has issued 160,569,229 fully paid ordinary shares without a prospectus or other disclosure document, relying on provisions of the Corporations Act that allow such capital raisings under specific conditions. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is no excluded information that must be disclosed, signalling that the new shares can trade freely and that the capital raising has been structured to comply with Australian securities regulations, with implications for existing shareholder dilution and the company’s funding capacity.
The most recent analyst rating on (AU:FIN) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Fin Resources Limited stock, see the AU:FIN Stock Forecast page.
More about Fin Resources Limited
Fin Resources Limited (ASX: FIN) is an Australian-listed company based in West Perth, Western Australia. It operates in the resources and mining exploration sector, focusing on identifying and developing mineral assets to create value for shareholders.
Average Trading Volume: 7,666,918
Technical Sentiment Signal: Sell
Current Market Cap: A$9.85M
See more data about FIN stock on TipRanks’ Stock Analysis page.