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Nelson Resources Ltd. ( (AU:NES) ) has issued an update.
Nelson Resources Limited has updated its previously announced proposed issue of securities, correcting an administrative oversight regarding the number of tranche 1 and tranche 2 performance rights to be issued to the vendor of the Gold Point Project. The company has clarified that it still retains the flexibility to settle the tranche 1 and tranche 2 consideration in cash instead of performance rights, which may influence the capital structure and funding mix for the Gold Point Project and provides optionality in how it compensates the project vendor.
The most recent analyst rating on (AU:NES) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Nelson Resources Ltd. stock, see the AU:NES Stock Forecast page.
More about Nelson Resources Ltd.
Nelson Resources Limited is an ASX-listed company (code NES), operating in the resources sector with a focus on exploration and development activities, including gold projects such as the Gold Point Project.
Current Market Cap: A$13.69M
For a thorough assessment of NES stock, go to TipRanks’ Stock Analysis page.