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An update from Norfolk Metals Ltd. ( (AU:NFL) ) is now available.
Norfolk Metals Limited has announced the issuance and allotment of nearly 15 million fully paid ordinary shares to professional and sophisticated investors, as well as a director, following shareholder approval at a recent General Meeting. This private placement aims to strengthen the company’s capital structure, with the shares issued without disclosure under specific sections of the Corporations Act, indicating compliance with relevant regulatory provisions.
More about Norfolk Metals Ltd.
Average Trading Volume: 145,836
Technical Sentiment Signal: Buy
Current Market Cap: A$9.76M
See more insights into NFL stock on TipRanks’ Stock Analysis page.