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G11 Resources Issues 183 Million Shares in Strategic Move

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G11 Resources Issues 183 Million Shares in Strategic Move

TipRanks Black Friday Sale

Odin Metals Ltd ( (AU:G11) ) just unveiled an announcement.

G11 Resources Limited has announced the issuance of 183,200,000 fully paid ordinary shares. This move is part of their compliance with the Corporations Act, ensuring transparency and adherence to legal requirements. The issuance of these shares without disclosure to investors under part 6D.2 of the Corporations Act signifies a strategic financial maneuver, potentially impacting the company’s market position and shareholder value.

More about Odin Metals Ltd

Average Trading Volume: 2,176,105

Technical Sentiment Signal: Buy

Current Market Cap: A$28.03M

Find detailed analytics on G11 stock on TipRanks’ Stock Analysis page.

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