Perpetual Resources Ltd Completes Share Issuance to Bolster Financial Position

Perpetual Resources ( (AU:PEC) ) has provided an announcement.

Perpetual Resources Ltd has announced the issuance of 38,461,539 fully paid ordinary shares at $0.013 each to professional and sophisticated investors, alongside 2,307,692 shares to the lead manager as part of capital raising efforts. This move, conducted without disclosure under specific sections of the Corporations Act 2001, signifies the company’s compliance with regulatory requirements and aims to bolster its financial position, potentially impacting its operational capabilities and market presence.

More about Perpetual Resources

Perpetual Resources Ltd is a company operating in the resources sector, focusing on the exploration and development of mineral resources. The company is engaged in activities that cater to professional and sophisticated investors, indicating a market focus on high-net-worth individuals and entities.

YTD Price Performance: -7.69%

Average Trading Volume: 1,850,087

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$10.41M

For an in-depth examination of PEC stock, go to TipRanks’ Stock Analysis page.