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Pursuit Minerals Seeks ASX Quotation for 46.9 Million New Shares

Story Highlights
  • Pursuit Minerals has applied to quote 46.9 million new fully paid ordinary shares on the ASX.
  • The enlarged quoted capital base could enhance funding options and liquidity but dilutes existing holders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pursuit Minerals Seeks ASX Quotation for 46.9 Million New Shares

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Pursuit Minerals Ltd ( (AU:PUR) ) just unveiled an update.

Pursuit Minerals Ltd has applied to the ASX for quotation of 46,947,370 new fully paid ordinary shares, to be traded under its existing code PUR from 6 February 2026. The issue expands the company’s quoted capital base, which may provide additional funding capacity and liquidity for shareholders, though the enlarged register also implies a degree of equity dilution for existing investors.

More about Pursuit Minerals Ltd

Average Trading Volume: 713,757

Technical Sentiment Signal: Sell

Current Market Cap: A$26.33M

Learn more about PUR stock on TipRanks’ Stock Analysis page.

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