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An announcement from Minbos Resources Limited ( (AU:MNB) ) is now available.
Minbos Resources has secured a waiver from the ASX to proceed with its planned share purchase plan (SPP) without requiring shareholder approval, aligning the SPP with the terms of a recent placement at an issue price of at least A$0.026 per share and capping new shares at 30% of existing capital. The waiver also allows directors to participate in the SPP on the same pricing and scaling terms as other shareholders, enabling the company to broaden participation in its funding initiative while remaining within ASX and ASIC regulatory parameters and potentially accelerating its capital-raising timetable.
More about Minbos Resources Limited
Minbos Resources Limited is an ASX-listed company in the resources sector, focused on developing and funding its projects through equity capital raisings such as placements and share purchase plans aimed at existing shareholders, including directors.
Average Trading Volume: 1,580,815
Technical Sentiment Signal: Sell
Current Market Cap: A$24.04M
For a thorough assessment of MNB stock, go to TipRanks’ Stock Analysis page.