Kaiser Reef Ltd Issues New Shares, Explores Growth

Kaiser Reef Ltd (AU:KAU) has released an update.

Kaiser Reef Ltd has announced the issuance of 33.4 million fully paid ordinary shares, now exempt from resale restrictions under the Corporations Act 2001, following the necessary compliance and disclosure provisions. The company is actively exploring commercial opportunities, including acquisitions and joint ventures, though these negotiations are at an early stage with outcomes still uncertain. Kaiser Reef assures continued transparency in accordance with its disclosure obligations.

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