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An announcement from Manuka Resources Ltd ( (AU:MKR) ) is now available.
Manuka Resources has issued 7,500,001 fully paid ordinary shares following the exercise of options priced at $0.06 and expiring on 15 May 2026, expanding its share capital without providing a prospectus under the disclosure exemptions of the Corporations Act. The company confirmed it is compliant with its continuous disclosure and financial reporting obligations, stated there is no excluded or additional material information required for investors to assess the company or the rights attached to the new shares, and noted that this notice facilitates the resale of the newly issued securities.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.16 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 company trading on both the ASX and NZX under the ticker MKR. While this announcement does not detail its operations, Manuka is part of the resources sector and issues fully paid ordinary shares as part of its capital management activities.
Average Trading Volume: 10,448,606
Technical Sentiment Signal: Buy
Current Market Cap: A$225.4M
For an in-depth examination of MKR stock, go to TipRanks’ Overview page.