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Odyssey Gold Limited ( (AU:ODY) ) has provided an update.
Odyssey Gold Ltd has lodged a notice of proposed securities issue with the ASX, outlining plans to issue up to 291,727,557 new fully paid ordinary shares through a placement or similar capital-raising structure, with an expected issue date of 6 February 2026. The substantial size of the proposed equity issue signals a significant capital-raising initiative that could provide funding for the company’s ongoing activities and strategic objectives, while also implying potential dilution for existing shareholders and a notable change in the company’s capital structure.
The most recent analyst rating on (AU:ODY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Odyssey Gold Limited stock, see the AU:ODY Stock Forecast page.
More about Odyssey Gold Limited
Odyssey Gold Ltd is an Australian-listed company on the ASX under the code ODY. While this announcement does not detail its operations, the company is part of the resources sector and is engaged in activities funded through equity capital raisings on the Australian market.
YTD Price Performance: -2.78%
Average Trading Volume: 1,893,443
Technical Sentiment Signal: Buy
Current Market Cap: A$39.24M
For a thorough assessment of ODY stock, go to TipRanks’ Stock Analysis page.