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Manuka Resources Ltd ( (AU:MKR) ) has provided an update.
Manuka Resources Ltd has announced the issuance of 22,800,000 ordinary fully paid shares, which will be used as collateral and security following the receipt of $1,250,000 in funding through convertible notes issued in November 2024 and June 2025. This move is expected to bolster the company’s financial stability and potentially enhance its operational capabilities, reflecting a strategic effort to strengthen its market position and reassure stakeholders of its growth prospects.
More about Manuka Resources Ltd
Manuka Resources Ltd is a company involved in the resources industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the production and management of mining assets, aiming to enhance its market position within the sector.
Average Trading Volume: 949,466
Technical Sentiment Signal: Sell
Current Market Cap: A$34.05M
For detailed information about MKR stock, go to TipRanks’ Stock Analysis page.