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Pan Asia Metals Ltd. ( (AU:FLG) ) has shared an update.
Flagship Minerals Limited has applied to the ASX for quotation of 825,000 new fully paid ordinary shares, issued as consideration for services rendered to the company. The move modestly increases the company’s quoted capital base and indicates the use of equity-based compensation to pay for services, which may help preserve cash reserves but also results in dilution for existing shareholders.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited is an Australia-based resources company listed on the ASX under the code FLG. The company operates in the minerals sector, though this filing does not specify its particular commodities or projects.
Average Trading Volume: 403,032
Technical Sentiment Signal: Buy
Current Market Cap: A$52.6M
For detailed information about FLG stock, go to TipRanks’ Stock Analysis page.