Nimy Resources Limited (AU:NIM) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into AU:NIM stock, check out TipRanks’ Stock Analysis page.