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Miramar Resources Limited ( (AU:M2R) ) has issued an announcement.
Miramar Resources has issued 599,269,200 new fully paid ordinary shares under a previously announced placement and a further 4,000,000 fully paid ordinary shares to directors in lieu of salary, following shareholder approval. The company has lodged the necessary documentation with the ASX and issued a cleansing notice under section 708A(5)(e) of the Corporations Act, confirming compliance with disclosure and reporting obligations so that these new securities can be freely traded under the applicable legal exemptions.
The most recent analyst rating on (AU:M2R) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Miramar Resources Limited stock, see the AU:M2R Stock Forecast page.
More about Miramar Resources Limited
Miramar Resources Limited is an Australian company listed on the ASX under the ticker M2R. The company operates in the resources sector, focusing on exploration and development activities in Western Australia and related capital market initiatives to fund its projects and operations.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.04M
For an in-depth examination of M2R stock, go to TipRanks’ Overview page.