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Manuka Resources Issues 3 Million New Shares Following Option Conversion

Story Highlights
  • Manuka Resources focuses on mineral exploration and development in Australasia.
  • The company issued 3 million shares after option conversion, ensuring regulatory compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Manuka Resources Issues 3 Million New Shares Following Option Conversion

TipRanks Cyber Monday Sale

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

Manuka Resources Ltd has announced the issuance of 3,000,000 Ordinary Shares following the conversion of Unlisted Options, which were exercisable at $0.0504 and set to expire on 17 November 2025. This move was made without disclosure to investors under Part 6D.2 of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Act, ensuring transparency and regulatory adherence.

More about Manuka Resources Ltd

Manuka Resources Ltd is a company operating in the resources sector, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) and the New Zealand Exchange (NZX), indicating its market focus in the Australasian region.

Average Trading Volume: 5,223,353

Technical Sentiment Signal: Buy

Current Market Cap: A$73.05M

For an in-depth examination of MKR stock, go to TipRanks’ Overview page.

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