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Meteoric Resources NL ( (AU:MEI) ) has issued an update.
Meteoric Resources NL has issued 16,402,262 fully paid ordinary shares without a prospectus, relying on the cleansing notice provisions of the Corporations Act. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is no undisclosed information material to assessing its financial position or the rights attached to the new shares.
The cleansing notice assures investors that the newly issued shares can be traded freely on the market without further disclosure. This move underscores Meteoric’s adherence to regulatory requirements and supports liquidity in its stock, while signalling that management sees no hidden risks or material information that could impact current or prospective shareholders.
The most recent analyst rating on (AU:MEI) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Meteoric Resources NL stock, see the AU:MEI Stock Forecast page.
More about Meteoric Resources NL
Meteoric Resources NL is an Australian-listed company focused on mineral exploration and development. The company is listed on the ASX under the ticker MEI and operates within the resources sector, issuing fully paid ordinary shares as part of its capital management activities.
Average Trading Volume: 6,737,318
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$592M
Find detailed analytics on MEI stock on TipRanks’ Stock Analysis page.