Native Mineral Resources Issues 17.1 Million New Shares Under Lind Funding Deal

An announcement from Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) is now available.

Native Mineral Resources has issued 17,123,288 new fully paid ordinary shares under its Convertible Security Funding Agreement with Lind Global Fund III LP, with the new securities ranking equally with existing shares and being issued without a disclosure document under the Corporations Act. The company confirmed compliance with its continuous disclosure obligations and clarified that current information from drilling at its Charters Towers and Ravenswood gold projects is incomplete and cannot yet be released under ASX and JORC requirements, stressing that this drilling data is not considered material for investors’ assessment of the company or the new shares at this time.

The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.

More about Native Mineral Resources Holdings Ltd.

Native Mineral Resources Holdings Ltd is an Australian mineral exploration company listed on the ASX that is focused on gold projects, including the Charters Towers Gold Project and the Ravenswood Gold Project in Queensland.

Average Trading Volume: 2,322,255

Technical Sentiment Signal: Sell

Current Market Cap: A$56.19M

See more data about NMR stock on TipRanks’ Stock Analysis page.