Northern Minerals Limited (AU:NTU) has released an update.
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Northern Minerals Limited has received waivers from ASX regarding its Share Purchase Plan, allowing the company to issue new shares without shareholder approval. The approved issue price is $0.019 per share, with conditions such as capping the issuance to 30% of existing shares and equitable scale-back arrangements. This development eliminates the need for shareholder approval at the upcoming General Meeting.
For further insights into AU:NTU stock, check out TipRanks’ Stock Analysis page.