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An announcement from Great Boulder Resources Ltd ( (AU:GBR) ) is now available.
Great Boulder Resources has issued more than 147 million fully paid ordinary shares, comprising the first tranche of a recently announced capital placement and shares from the exercise of options. The company confirmed that these shares were issued without a prospectus under Australian law, and stated it is compliant with its continuous disclosure and financial reporting obligations, while not holding any undisclosed price-sensitive information.
The cleansing notice ensures that the new shares can be traded on the market without further disclosure, providing clarity and regulatory assurance to investors. This move supports the company’s capital management strategy and signals adherence to governance standards, which may bolster market confidence in its securities.
More about Great Boulder Resources Ltd
Great Boulder Resources Ltd is an Australian-listed exploration and mining company focused on developing mineral resource projects. The company issues fully paid ordinary shares to fund its activities and support ongoing exploration and corporate operations in Western Australia and beyond.
Average Trading Volume: 6,121,922
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$115.4M
For a thorough assessment of GBR stock, go to TipRanks’ Stock Analysis page.