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The latest announcement is out from Macarthur Minerals Ltd. ( (AU:MIO) ).
Macarthur Minerals Ltd has provided an update regarding its upcoming Annual General Meeting, specifically concerning Resolution 14, which seeks shareholder approval to issue additional shares to Gold Valley Yilgarn Pty Ltd (GVY). This move would allow GVY to increase its stake in the company. The update includes details on share allocations and potential impacts on the company’s shareholding structure, with the total funds raised from the Entitlement Offer and Immediate Allocation to GVY amounting to approximately $1.56 million. The company encourages shareholders to consider this updated information when voting on Resolution 14.
More about Macarthur Minerals Ltd.
Macarthur Minerals Ltd is a company engaged in iron ore development and lithium exploration, primarily focusing on its Western Australia iron ore projects. The company boasts significant mineral resources and ore reserves at its Lake Giles Iron Project and holds exploration interests in the Pilbara region.
Average Trading Volume: 198,660
Technical Sentiment Signal: Sell
Current Market Cap: A$2.23M
See more data about MIO stock on TipRanks’ Stock Analysis page.
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