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Megado Gold Ltd. ( (AU:MEG) ) has shared an update.
Megado Minerals Ltd has announced a proposed issuance of securities, including 39,000,000 ordinary fully paid shares and 16,000,000 options expiring on June 13, 2030, with an exercise price of $0.03. This move is part of a placement or other type of issue, with the proposed issue date set for July 4, 2025. The announcement signifies a strategic effort by Megado Minerals to raise capital, potentially enhancing its operational capabilities and market position within the minerals industry.
More about Megado Gold Ltd.
Megado Minerals Ltd is a company involved in the minerals industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) and is identified by the issuer code MEG.
Average Trading Volume: 800,417
Technical Sentiment Signal: Buy
Current Market Cap: A$15.17M
Find detailed analytics on MEG stock on TipRanks’ Stock Analysis page.