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Infinity Mining Limited ( (AU:IMI) ) has issued an announcement.
Infinity Mining Limited has issued 11,882,299 new ordinary shares without a prospectus under the Corporations Act’s disclosure exemptions and has lodged a cleansing notice with the ASX to confirm the validity of the capital raising. The company states it is up to date with its financial reporting and continuous disclosure obligations and that there is no excluded information requiring disclosure, a step that facilitates trading of the newly issued shares and signals regulatory compliance to investors and other stakeholders.
The most recent analyst rating on (AU:IMI) stock is a Sell 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 (ASX: IMI) is an Australian resources company focused on mineral exploration and development, operating within the mining and commodities sector and targeting opportunities on the ASX-regulated capital markets.
Average Trading Volume: 2,712,661
Technical Sentiment Signal: Sell
Current Market Cap: A$5.23M
For an in-depth examination of IMI stock, go to TipRanks’ Overview page.