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Horseshoe Metals Limited ( (AU:HOR) ) just unveiled an update.
Horseshoe Metals Limited has issued 70,452,381 fully paid ordinary shares as part of its placement and debt-to-equity conversions. This issuance, not requiring shareholder approval, falls under the exemption provided by section 708A(5) of the Corporations Act 2001, allowing for the on-sale of these securities without disclosure. This move is aimed at strengthening the company’s financial position and potentially enhancing its market operations.
More about Horseshoe Metals Limited
Horseshoe Metals Limited operates in the mining industry, focusing on the exploration and development of copper and gold projects. The company is listed on the Australian Securities Exchange under the ticker ASX:HOR.
YTD Price Performance: 71.43%
Average Trading Volume: 832,475
Technical Sentiment Signal: Buy
Current Market Cap: A$14.07M
For detailed information about HOR stock, go to TipRanks’ Stock Analysis page.