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Megado Minerals Issues 75 Million Shares Under Disclosure Exemption

Story Highlights
  • Megado Minerals issued 75 million new shares under disclosure exemptions to support its projects.
  • The company confirmed full compliance with reporting rules and no undisclosed price-sensitive information.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Megado Minerals Issues 75 Million Shares Under Disclosure Exemption

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Megado Gold Ltd. ( (AU:MEG) ) has provided an announcement.

Megado Minerals has issued 75 million fully paid ordinary shares without a prospectus under the Corporations Act’s disclosure exemptions, following its recent A$1.65 million capital raising to progress its Iberian copper project. The company affirmed it is up to date with financial reporting and continuous disclosure obligations, and stated there is no undisclosed price-sensitive information, signalling regulatory compliance and transparency for investors.

More about Megado Gold Ltd.

Megado Minerals Limited is an Australia-based minerals exploration company listed on the ASX under the ticker MEG. The company focuses on advancing resource projects, including its high-grade Iberian copper project, as part of its broader strategy in the mining and exploration sector.

Average Trading Volume: 665,261

Technical Sentiment Signal: Sell

Current Market Cap: A$13.56M

See more insights into MEG stock on TipRanks’ Stock Analysis page.

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