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Santana Minerals Ltd. ( (AU:SMI) ) has provided an announcement.
Santana Minerals has issued 1,200,000 fully paid ordinary shares following the exercise of employee share options and has lodged a cleansing notice under section 708A(5) of the Corporations Act to confirm the shares were issued without a prospectus. The company states it is compliant with its continuous disclosure and financial reporting obligations and that there is no excluded information requiring disclosure, ensuring the new shares can be traded freely and signalling orderly governance around its capital management and employee incentive structures.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
More about Santana Minerals Ltd.
Santana Minerals Ltd, dual-listed on the ASX and NZX under the code SMI, operates in the mining and resources sector, focusing on mineral exploration and development. The company is headquartered in Brisbane, Queensland, and is subject to Australian corporate and securities regulation in its public market activities.
Average Trading Volume: 1,077,807
Technical Sentiment Signal: Buy
Current Market Cap: A$818.8M
For an in-depth examination of SMI stock, go to TipRanks’ Overview page.