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Pursuit Minerals Ltd ( (AU:PUR) ) has issued an update.
Pursuit Minerals Ltd has lodged an Appendix 3B outlining a proposed issue of up to 14,736,842 new options as part of a placement or similar type of capital raising. The options, which will form a new class of securities, are exercisable at $0.1425 and will expire two years from their issue date, with the proposed issue scheduled for 6 March 2026; this move is expected to strengthen the company’s capital structure and provide additional funding flexibility for its exploration and development activities.
More about Pursuit Minerals Ltd
Pursuit Minerals Ltd is an Australian-listed resources company operating in the minerals exploration sector. The company is focused on identifying and developing mineral assets, with its securities traded on the ASX under the code PUR.
Average Trading Volume: 600,255
Technical Sentiment Signal: Sell
Current Market Cap: A$22.57M
Find detailed analytics on PUR stock on TipRanks’ Stock Analysis page.