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An update from Santana Minerals Ltd. ( (AU:SMI) ) is now available.
Santana Minerals Ltd. has issued over 103 million new fully paid ordinary shares at A$0.58 each to professional and sophisticated investors, enabling immediate trading under the exemption provided by section 708A(5) of the Corporations Act 2001. Additionally, the company plans to raise up to A$3 million through a Share Purchase Plan (SPP), with an offer booklet expected to be released to eligible shareholders shortly, further supporting its capital raising efforts.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.07 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. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on both the Australian Securities Exchange (ASX) and the New Zealand Stock Exchange (NZX) under the ticker SMI.
Average Trading Volume: 1,122,374
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$433.6M
See more insights into SMI stock on TipRanks’ Stock Analysis page.