Infinity Mining Issues 25 Million Shares Under Cleansing Notice

Infinity Mining Limited ( (AU:IMI) ) has issued an announcement.

Infinity Mining Limited has informed the market that it has issued 25,000,000 ordinary shares without a disclosure document, relying on provisions of the Corporations Act that permit such an issue when certain conditions are met. The company confirmed it is fully compliant with financial reporting and continuous disclosure obligations and stated there is no excluded information that would need to be disclosed to investors in relation to this share issue.

The cleansing notice ensures that the newly issued shares can be freely traded on the ASX without further disclosure, streamlining capital management for Infinity Mining. This step reinforces the company’s adherence to regulatory standards and provides assurance to shareholders and potential investors that no undisclosed price-sensitive information is associated with the new securities.

The most recent analyst rating on (AU:IMI) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Infinity Mining Limited stock, see the AU:IMI Stock Forecast page.

More about Infinity Mining Limited

Infinity Mining Limited is an Australian-listed resources company focused on mineral exploration and development. The company’s securities trade on the ASX under the ticker IMI, and it operates under the Australian corporate and continuous disclosure regulatory framework.

Average Trading Volume: 3,269,256

Technical Sentiment Signal: Sell

Current Market Cap: A$6.95M

See more data about IMI stock on TipRanks’ Stock Analysis page.