Perpetual Resources Ltd. ( (AU:PEC) ) just unveiled an announcement.
Perpetual Resources Ltd has issued 6,111,111 fully paid ordinary shares at a deemed issue price of $0.009 per share under its placement capacity as per ASX Listing Rule 7.1. This issuance, in lieu of a cash facilitation fee, indicates the company’s strategic financial maneuvering to optimize its resources without direct cash expenditure, potentially impacting its market positioning and stakeholder interests.
More about Perpetual Resources Ltd.
Perpetual Resources Ltd is a company based in Subiaco, Western Australia, operating within the resources sector. The company is involved in the issuance of shares and financial placements, focusing on leveraging its placement capacity under ASX Listing Rules.
Technical Sentiment Signal: Strong Buy
Current Market Cap: $5.45M
See more data about PEC stock on TipRanks’ Stock Analysis page.