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Jameson Resources Limited ( (AU:JAL) ) has provided an announcement.
Jameson Resources Limited has issued 25 million fully paid ordinary shares to King George Investments Pty Ltd as part of Tranche 1 of a placement. This issuance was conducted without disclosure to investors under specific provisions of the Corporations Act, and the company confirms compliance with relevant legislative requirements. This move is expected to support Jameson’s strategic initiatives in the coal industry, potentially enhancing its market position and offering implications for stakeholders regarding future growth and development.
More about Jameson Resources Limited
Jameson Resources Limited is a junior resources company focused on acquiring, exploring, and developing strategic coal projects in western Canada. The company holds a significant equity interest in NWP Coal Canada Limited, which manages the Crown Mountain Hard Coking Coal Project, and has a direct interest in the Dunlevy Coal Project in British Columbia. Their projects are situated in key coalfields that contribute to Canada’s metallurgical coal exports and are strategically located near railways connected to export facilities.
Average Trading Volume: 52,434
Technical Sentiment Signal: Buy
Current Market Cap: A$56.15M
Find detailed analytics on JAL stock on TipRanks’ Stock Analysis page.