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Great Divide Mining Ltd ( (AU:GDM) ) has issued an announcement.
Great Divide Mining Ltd has issued 5,023,478 fully paid ordinary shares following the conversion of 1,335,000 loan notes, and has lodged a cleansing notice under section 708A(5) of the Corporations Act to support secondary trading of these shares without a prospectus. The company states it is compliant with its financial reporting and continuous disclosure obligations and confirms there is no undisclosed price-sensitive information, signaling to investors that the new shares were issued within the existing regulatory framework and without hidden risks flagged at this time.
More about Great Divide Mining Ltd
Great Divide Mining Ltd is an Australian-listed resources company on the ASX (ASX: GDM), operating in the mining sector. The company is subject to Australian corporate and continuous disclosure regulations, including the Corporations Act and ASX listing rules, reflecting its status as a publicly traded mining entity.
Average Trading Volume: 30,765
Technical Sentiment Signal: Buy
Current Market Cap: A$16.03M
For an in-depth examination of GDM stock, go to TipRanks’ Overview page.