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Matsa Resources Limited ( (AU:MAT) ) has shared an update.
Matsa Resources Limited has announced the issuance of 2,493,125 fully paid ordinary shares following the exercise of unlisted options. This move is part of the company’s compliance with the Corporations Act and does not require disclosure to investors under Part 6D.2 of the Act. The issuance of these shares is expected to impact the company’s market capitalization, which currently stands at A$133.74 million, and reflects the company’s ongoing efforts to strengthen its financial position.
More about Matsa Resources Limited
Matsa Resources Limited is a company operating in the mining industry, focusing on resource exploration and development. The company is based in Perth, Western Australia, and is publicly listed on the Australian Securities Exchange (ASX).
Average Trading Volume: 1,739,304
Technical Sentiment Signal: Buy
Current Market Cap: A$124.3M
For a thorough assessment of MAT stock, go to TipRanks’ Stock Analysis page.