The latest update is out from Golden Mile Resources Ltd. ( (AU:G88) ).
Golden Mile Resources Ltd has issued 23,400,000 ordinary shares, with 16,000,000 shares issued on 22 January 2025 and 7,400,000 shares on 23 January 2025. The company has provided a notice under Section 708A (5) of the Corporations Act 2001, allowing the on-sale of these securities without a disclosure statement, which aligns with their compliance with relevant regulatory provisions. The announcement signifies Golden Mile’s strategic financial maneuvers to support its multi-asset growth strategy, potentially impacting its market positioning and stakeholder interests.
More about Golden Mile Resources Ltd.
Golden Mile Resources Ltd (ASX: G88) is a project development and mineral exploration company with a focus on a multi-asset and multi-commodity strategy. The company aims to grow through the advancement of core projects, acquisition of high-quality assets, and forming tactical alliances with joint venture partners.
Average Trading Volume: 979,183
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.31M
For an in-depth examination of G88 stock, go to TipRanks’ Stock Analysis page.