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The latest update is out from Laneway Resources Ltd. ( (AU:SVG) ).
Savannah Goldfields Limited has issued 100 million fully paid ordinary shares as part of a previously announced placement, expanding the number of securities quoted on the Australian Securities Exchange. The new shares form part of the same class as existing ordinary shares, with details of the issue lodged via an Appendix 2A filing.
The company has confirmed that the placement shares were issued without a prospectus under the Corporations Act disclosure exemptions and has provided a cleansing notice to facilitate secondary trading. Savannah stated it is up to date with its financial reporting and continuous disclosure obligations and that there is no excluded information, providing assurance to investors about regulatory compliance around the new equity issuance.
More about Laneway Resources Ltd.
Savannah Goldfields Limited is an Australian gold mining and exploration company listed on the ASX under the ticker SVG. The company focuses on developing and operating gold assets, positioning itself within the resources sector and targeting investors seeking exposure to precious metals projects in Australia.
Average Trading Volume: 2,831,428
Technical Sentiment Signal: Sell
Current Market Cap: A$23.56M
See more insights into SVG stock on TipRanks’ Stock Analysis page.