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Nelson Resources Ltd. ( (AU:NES) ) has shared an update.
Nelson Resources Limited has issued 541,666,667 fully paid ordinary shares at an issue price of $0.006 per share via a placement, significantly expanding its share capital base. The company confirmed that the shares were issued without a prospectus under the Corporations Act’s provisions for placements, and certified that it is up to date with its financial reporting and continuous disclosure obligations, with no excluded information requiring disclosure, thereby facilitating secondary trading of the new shares and signalling adherence to regulatory requirements for existing and new shareholders.
More about Nelson Resources Ltd.
Nelson Resources Limited (ASX:NES) is an Australian-listed company operating in the resources sector, with its shares traded on the Australian Securities Exchange and corporate headquarters in Perth, Western Australia. The company is focused on exploration and development activities typical of the mining and resources industry, providing investors exposure to commodity-focused projects.
Average Trading Volume: 45,913,846
Current Market Cap: A$10.98M
See more insights into NES stock on TipRanks’ Stock Analysis page.