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Maronan Metals Ltd ( (AU:MMA) ) has provided an announcement.
Maronan Metals Limited has completed a placement of 45,714,286 fully paid ordinary shares at $0.35 per share to institutional and professional investors. This move, announced earlier in October, aims to strengthen the company’s financial position and support its strategic initiatives. The company plans to conduct a share purchase plan and is preparing for its annual general meeting, which will include resolutions for director incentives and an increase in the issue cap for incentive schemes.
More about Maronan Metals Ltd
Maronan Metals Limited operates in the metals industry, focusing on the exploration and development of mineral resources. The company primarily engages in the production and distribution of metals, catering to institutional, professional, and sophisticated investors.
Average Trading Volume: 328,859
Technical Sentiment Signal: Buy
See more insights into MMA stock on TipRanks’ Stock Analysis page.