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Golden Mile Resources Issues 31 Million Shares Under Section 708A(5)

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Golden Mile Resources Issues 31 Million Shares Under Section 708A(5)

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The latest announcement is out from Golden Mile Resources Ltd. ( (AU:G88) ).

Golden Mile Resources Ltd announced the issuance of 31,125,000 ordinary shares, taking advantage of the exemptions in Section 708A(5) of the Corporations Act 2001. This move allows the company to issue shares without disclosure to investors, potentially impacting its market liquidity and shareholder base.

More about Golden Mile Resources Ltd.

Golden Mile Resources Ltd is a project development and mineral exploration company with a strategy focused on multi-asset and multi-commodity growth. The company aims to advance core projects, acquire high-quality assets, and form strategic joint ventures.

Average Trading Volume: 1,003,989

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$4.96M

See more insights into G88 stock on TipRanks’ Stock Analysis page.

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