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Miramar Resources Limited ( (AU:M2R) ) has provided an announcement.
Miramar Resources Limited announced the issuance of 185,067,852 new fully paid ordinary shares under its Share Purchase Plan, which allowed shareholders to purchase additional shares up to $30,000. This move is part of the company’s strategy to raise capital without requiring disclosure under the Corporations Act, aligning with the ASIC Corporations Instrument 2019/547, and it indicates compliance with relevant legislative requirements, potentially strengthening its financial position and shareholder base.
More about Miramar Resources Limited
Miramar Resources Limited is a company based in South Perth, Western Australia, operating in the resources sector. It focuses on the exploration and development of mineral resources, offering investment opportunities through share purchase plans to its shareholders.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.03M
For detailed information about M2R stock, go to TipRanks’ Stock Analysis page.