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Armada Metals Ltd. ( (AU:RCM) ) has issued an announcement.
Rapid Critical Metals has issued 11,785,000 fully paid ordinary shares at a deemed price of $0.035 per share to an unrelated party as consideration for investor relations and promotional services, effectively using equity to fund its market outreach activities. The company confirmed that the share issue was made without a disclosure document under the relevant provisions of the Corporations Act and stated it is compliant with its continuous disclosure and financial reporting obligations, indicating no excluded information, which may reassure investors regarding regulatory compliance and transparency around the new share issuance.
More about Armada Metals Ltd.
Rapid Critical Metals Limited is an ASX-listed company focused on critical metals, operating in the mining and resources sector and providing exposure to commodities that underpin advanced technologies and energy transition supply chains.
Average Trading Volume: 7,964,993
Technical Sentiment Signal: Sell
Current Market Cap: A$58.82M
Find detailed analytics on RCM stock on TipRanks’ Stock Analysis page.