tiprankstipranks

Manuka Resources Cancels Planned Share Placement

Manuka Resources Cancels Planned Share Placement

Manuka Resources Ltd (AU:MKR) has released an update.

Confident Investing Starts Here:

Manuka Resources Ltd has announced that its additional placement, Tranche 2b, will not proceed after Claymore Capital Pty Limited opted to terminate its obligations as lead manager. The funds from this placement were initially expected by January 2025, and the company assures shareholders that it will keep them updated on its capital requirements. Manuka continues to focus on its key gold and silver assets in the Cobar Basin and its offshore projects in New Zealand.

For further insights into AU:MKR stock, check out TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App