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Metalsgrove Mining Ltd. ( (AU:MGA) ) has issued an update.
MetalsGrove Mining has issued a total of 19,678,330 fully paid ordinary shares, comprising 18,678,330 shares under the second tranche of a placement announced in December 2025 and an additional 1,000,000 shares to two parties approved by shareholders at a recent general meeting, all under ASX Listing Rule 7.1. The company stated that these shares were issued without a disclosure document under the Corporations Act, confirmed its ongoing compliance with financial reporting and continuous disclosure obligations, and advised that there is no excluded information that would be expected in a disclosure document, providing assurance to investors about regulatory adherence in connection with the new capital raising.
The most recent analyst rating on (AU:MGA) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Metalsgrove Mining Ltd. stock, see the AU:MGA Stock Forecast page.
More about Metalsgrove Mining Ltd.
MetalsGrove Mining Limited (ASX: MGA) is an Australian-listed resources company operating in the mining sector, with its securities traded on the Australian Securities Exchange and subject to the Australian Corporations Act and ASX Listing Rules.
Average Trading Volume: 171,398
Technical Sentiment Signal: Buy
Current Market Cap: A$11.2M
Find detailed analytics on MGA stock on TipRanks’ Stock Analysis page.