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An announcement from Manuka Resources Ltd ( (AU:MKR) ) is now available.
Manuka Resources Limited has issued 6,140,921 fully paid ordinary shares at an issue price of A$0.075 per share, without a prospectus, relying on disclosure exemptions under the Corporations Act 2001. The company states it is in compliance with its financial reporting and continuous disclosure obligations, and confirms there is no additional material information required for investors to make an informed assessment of the company or the rights attached to the new securities, thereby facilitating potential resale of these shares under the relevant legislative provisions.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.07 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 Australia-based resources company listed on both the ASX and NZX under the code MKR. The company is engaged in the exploration and development of mineral resources, with its operations focused on the Australian market.
Average Trading Volume: 7,999,634
Technical Sentiment Signal: Buy
Current Market Cap: A$97.89M
Learn more about MKR stock on TipRanks’ Stock Analysis page.