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International Graphite Limited ( (AU:IG6) ) has shared an update.
International Graphite Limited has issued 185,000 fully paid ordinary shares to a consultant as payment for services rendered. This issuance was made without disclosure to investors under Part 6D.2 of the Corporations Act, but falls under the exemption provided by section 708A(5). The company has complied with relevant provisions of the Corporations Act and has lodged an application for the quotation of these securities with the ASX, indicating a strategic move to manage its financial obligations and maintain transparency with stakeholders.
More about International Graphite Limited
International Graphite Limited operates in the graphite industry, focusing on the production and development of graphite products. The company is involved in the exploration and processing of graphite, which is a critical component in various industrial applications, including batteries and electronics.
Average Trading Volume: 671,292
Technical Sentiment Signal: Buy
Current Market Cap: A$15.73M
See more insights into IG6 stock on TipRanks’ Stock Analysis page.