Minbos Resources Strengthens Financial Position with Share and Option Issuance

Minbos Resources Limited ( (AU:MNB) ) has provided an announcement.

Minbos Resources Limited has issued 5,000,000 fully paid ordinary shares at $0.07 each, raising A$350,000, as part of a placement to directors Graeme Robertson and Valentine Chitalu. Additionally, 3,333,333 unlisted placement options were issued, exercisable at A$0.10, with an expiry in April 2027. This move, approved by shareholders, aims to strengthen the company’s financial position without utilizing existing placement capacity, potentially enhancing its operational capabilities and market positioning.

More about Minbos Resources Limited

Minbos Resources Limited operates in the mining industry, focusing on the exploration and development of phosphate and other mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker MNB and is involved in projects primarily in Africa, aiming to supply raw materials for agriculture and other industries.

YTD Price Performance: -33.33%

Average Trading Volume: 661,909

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$37.83M

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