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Minbos Resources Limited ( (AU:MNB) ) has provided an announcement.
Minbos Resources has closed its recently launched Share Purchase Plan oversubscribed, receiving valid applications from eligible shareholders totalling $1.336 million at an issue price of $0.026 per share. The company will issue 51,384,573 new shares accompanied by a one-for-one free attaching option exercisable at $0.04 over three years, with the board choosing to accept the oversubscriptions and directors subscribing for $90,000, signalling strong internal and external support ahead of a shareholder vote on the option issuance later this month.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
More about Minbos Resources Limited
Minbos Resources Limited is an ASX-listed resources company focused on the development of its mineral projects, with a shareholder base that actively participates in equity raisings to support its growth plans.
Average Trading Volume: 2,227,521
Technical Sentiment Signal: Sell
Current Market Cap: A$27.32M
For detailed information about MNB stock, go to TipRanks’ Stock Analysis page.