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The latest update is out from Matsa Resources Limited ( (AU:MAT) ).
Matsa Resources Limited has issued 550,000 fully paid ordinary shares as part of an annual loan facility fee under a December 2022 loan agreement with two parties and in connection with the acquisition of tenements. The new shares, detailed in a recently lodged Appendix 2A, were issued without a prospectus under relevant Corporations Act provisions, with the company confirming it is compliant with continuous disclosure and financial reporting requirements and that there is no excluded information, signalling routine capital management with limited immediate impact on existing shareholders beyond minor dilution.
The most recent analyst rating on (AU:MAT) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
More about Matsa Resources Limited
Matsa Resources Limited is an Australian-listed resources company focused on mineral exploration and development, with its shares traded on the ASX. The company has a substantial issued capital base, including hundreds of millions of ordinary shares and unlisted options, and a concentrated register with its top 20 shareholders holding a significant majority of the stock.
Average Trading Volume: 2,036,602
Technical Sentiment Signal: Buy
Current Market Cap: A$137.5M
For an in-depth examination of MAT stock, go to TipRanks’ Overview page.