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Pan Asia Metals Ltd. ( (AU:FLG) ) just unveiled an update.
Flagship Minerals has issued 1,621,294 fully paid ordinary shares following the conversion of convertible notes and capitalised interest, alongside 12.5 million shares as the second tranche of a strategic placement and 825,000 shares in consideration for services. The company has lodged a cleansing notice confirming these securities were issued without a prospectus under relevant Corporations Act provisions and that they qualify for on-sale without further disclosure, signalling enhanced capital flexibility while affirming ongoing compliance with Australian corporate reporting and continuous disclosure obligations.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited is an ASX-listed resources company focused on metals, operating with a presence in Singapore, Chile and Australia, and positioned within the broader minerals and mining sector.
Average Trading Volume: 403,032
Technical Sentiment Signal: Buy
Current Market Cap: A$52.6M
Find detailed analytics on FLG stock on TipRanks’ Stock Analysis page.