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Jameson Resources Limited ( (AU:JAL) ) has shared an announcement.
Jameson Resources Limited has announced the issuance of 3,750,000 fully paid ordinary shares under Tranche 1 of a Placement, as detailed in recent appendices. This issuance was conducted without disclosure to investors under specific provisions of the Corporations Act, and the company has confirmed compliance with relevant legislative requirements. This move is part of Jameson’s strategy to bolster its financial position and support its ongoing coal project developments in Canada, potentially enhancing its market presence and stakeholder value.
More about Jameson Resources Limited
Jameson Resources Limited (ASX:JAL) is a junior resources company focused on the acquisition, exploration, and development of strategic coal projects in western Canada. The company holds a 77.8% equity interest in NWP Coal Canada Limited, which has a 90% interest in the Crown Mountain Hard Coking Coal Project, and a 100% direct interest in the Dunlevy Coal Project in British Columbia. These projects are situated in coalfields that contribute significantly to Canada’s metallurgical coal exports and are strategically located near railways connecting to export facilities.
Average Trading Volume: 58,920
Technical Sentiment Signal: Buy
Current Market Cap: A$57.68M
Learn more about JAL stock on TipRanks’ Stock Analysis page.