Nimy Resources Limited (AU:NIM) has released an update.
Nimy Resources Limited has issued over 1.4 million shares to Raglan Drilling Pty Ltd to settle nearly $95,000 in drilling costs, utilizing shares instead of cash. These shares will be under a 12-month escrow period, ensuring a strategic partnership while preserving cash flow. This move aligns with Nimy Resources’ compliance with the Corporations Act, maintaining transparency for investors.
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