First AU Limited Issues Shares in Two-Tranche Placement

First AU Ltd. ( (AU:FAU) ) has provided an announcement.

First AU Limited announced the issuance of 440,103,430 fully paid ordinary shares at $0.0035 per share as part of the second tranche of a two-tranche placement. This move is in compliance with the Corporations Act 2001 and signifies the company’s efforts to raise capital without disclosure to investors, potentially impacting its market positioning and stakeholder interests.

More about First AU Ltd.

First AU Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is primarily involved in discovering and advancing gold and base metal projects in Australia.

Current Market Cap: A$11.42M

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