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An announcement from Manhattan Corporation ( (AU:MHC) ) is now available.
Manhattan Gold Corporation Limited has notified the ASX of a proposed placement or similar type of securities issue comprising up to 125,000,000 new ordinary fully paid shares. The company plans to issue these securities on 23 March 2026, indicating a move to raise additional capital that could support its ongoing operations, exploration activities, or strategic initiatives, with potential dilution for existing shareholders but expanded financial flexibility for future projects.
The most recent analyst rating on (AU:MHC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Manhattan Corporation stock, see the AU:MHC Stock Forecast page.
More about Manhattan Corporation
Manhattan Gold Corporation Limited, listed on the ASX under the code MHC, operates in the mining and resources sector with a focus on gold exploration and development. The company’s ordinary fully paid shares are its primary listed securities, providing investors with exposure to its gold-focused asset base and related growth initiatives.
Average Trading Volume: 960,831
Technical Sentiment Signal: Sell
Current Market Cap: A$15.73M
See more data about MHC stock on TipRanks’ Stock Analysis page.