tiprankstipranks
Trending News
More News >

Savannah Goldfields Issues New Shares Following EGM Approval

Story Highlights

Confident Investing Starts Here:

An update from Laneway Resources Ltd. ( (AU:SVG) ) is now available.

Savannah Goldfields Limited has issued 228,133,333 fully paid ordinary shares as part of a conditional placement approved at their recent EGM. This move is in compliance with the Corporations Act 2001, and the shares were issued without disclosure to investors, indicating a strategic step to enhance capital and potentially expand operations.

More about Laneway Resources Ltd.

Savannah Goldfields Limited operates in the mining industry, focusing on the exploration and development of gold resources. The company is listed on the Australian Securities Exchange under the ticker SVG.

YTD Price Performance: -20.0%

Average Trading Volume: 738,609

Technical Sentiment Signal: Hold

Current Market Cap: A$8.99M

For an in-depth examination of SVG stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App