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An update from Manuka Resources Ltd ( (AU:MKR) ) is now available.
Manuka Resources has issued 1,000,000 new ordinary shares following the exercise of an equal number of unquoted options priced at $0.0834 and expiring on 24 January 2026, thereby modestly increasing its share capital. The company has confirmed that these shares were issued without a prospectus under the Corporations Act disclosure exemptions and has attested to its ongoing compliance with financial reporting and continuous disclosure obligations, paving the way for potential resale of the new shares and signalling adherence to regulatory standards important for investors and the market.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Manuka Resources Ltd stock, see the AU:MKR Stock Forecast page.
More about Manuka Resources Ltd
Manuka Resources Limited is an Australian-listed resources company with its ordinary shares traded on both the ASX and NZX under the code MKR. The company operates within the mining and resources sector, though this announcement focuses on its capital structure and regulatory compliance rather than specific projects or commodities.
Average Trading Volume: 9,368,613
Technical Sentiment Signal: Buy
Current Market Cap: A$140.5M
For an in-depth examination of MKR stock, go to TipRanks’ Overview page.