Nelson Resources Ltd. Announces Major Securities Issue

Nelson Resources Ltd. (AU:NES) has released an update.

Nelson Resources Limited has announced a significant new securities issue, proposing an issuance of 1.55 billion unlisted options exercisable at $0.003, set to expire five years from the date of issue, along with an additional issuance of 1.5 billion ordinary fully paid shares. The expected date for the issue is slated for November 20, 2024. This strategic move aims to raise capital and could potentially have a notable impact on the company’s financial structure and its stock valuation.

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