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Resources & Energy Group Limited ( (AU:REZ) ) has issued an announcement.
Resources & Energy Group Limited has issued 25,333,333 ordinary shares at 1.5 cents each to settle outstanding fees with directors and a geological services provider, amounting to $380,000. This strategic move helps the company manage its financial obligations without requiring investor disclosure under the Corporations Act, potentially strengthening its financial position and operational flexibility.
More about Resources & Energy Group Limited
Resources & Energy Group Limited operates in the resources and energy sector, focusing on the exploration and development of mineral resources. The company is involved in various projects aimed at extracting and processing valuable geological materials.
Average Trading Volume: 1,086,789
Technical Sentiment Signal: Buy
Current Market Cap: A$20.81M
For a thorough assessment of REZ stock, go to TipRanks’ Stock Analysis page.