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Golden State Mining Ltd. ( (AU:GSM) ) has issued an announcement.
Golden State Mining Ltd. has announced the issuance of 10,594,650 fully paid ordinary shares on the ASX. These shares are issued to related parties in lieu of outstanding director fees, following shareholder approval at the recent General Meeting. This move is part of the company’s strategy to manage its financial obligations and strengthen its capital structure.
More about Golden State Mining Ltd.
Golden State Mining Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the extraction of gold and other valuable minerals, aiming to enhance its market position within the mining sector.
Average Trading Volume: 1,017,503
Technical Sentiment Signal: Hold
Current Market Cap: A$5.47M
Learn more about GSM stock on TipRanks’ Stock Analysis page.