First Au Issues 500 Million New Shares Under Placement

The latest announcement is out from First AU Ltd. ( (AU:FAU) ).

First Au Limited has issued 500 million fully paid ordinary shares via a placement, expanding its share capital without providing a prospectus under the disclosure exemptions available in the Corporations Act. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations, and stated there is no excluded information that would be material to investors, signalling regulatory compliance and transparency around the significant capital raising, which may support future operational or exploration activities and affect the ownership structure for existing shareholders.

The most recent analyst rating on (AU:FAU) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on First AU Ltd. stock, see the AU:FAU Stock Forecast page.

More about First AU Ltd.

First Au Limited (ASX: FAU) is an Australian-listed company engaged in mineral exploration and resource development, with projects focused on gold and other commodities across prospective regions in Australia.

Average Trading Volume: 23,133,128

Technical Sentiment Signal: Sell

Current Market Cap: A$42.78M

For detailed information about FAU stock, go to TipRanks’ Stock Analysis page.