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The latest announcement is out from Pan Asia Metals Ltd. ( (AU:FLG) ).
Flagship Minerals Limited has announced the issuance of 4,168,805 fully paid ordinary shares following the conversion of Convertible Notes and capitalized interest. This move falls under the exemption of section 708A(5) of the Corporations Act 2001, allowing the shares to be sold without disclosure. This strategic financial maneuver is expected to impact the company’s capital structure and could influence its market positioning by potentially increasing liquidity and investor confidence.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited is a company listed on the Australian Securities Exchange (ASX) that operates in the minerals industry. The company is involved in the production and sale of metals, focusing on minerals that are significant in the market.
Average Trading Volume: 552,592
Technical Sentiment Signal: Buy
Current Market Cap: A$48.08M
For detailed information about FLG stock, go to TipRanks’ Stock Analysis page.