Scorpion Minerals Limited ( (AU:SCN) ) has issued an update.
Scorpion Minerals Limited has announced an Extraordinary General Meeting to be held on April 17, 2025, where shareholders will vote on the ratification of prior issues of Placement Shares under ASX Listing Rules 7.1 and 7.1A. The resolutions aim to approve the issuance of a total of 67.5 million Placement Shares, which could impact the company’s capital structure and shareholder value. This move is part of Scorpion Minerals’ strategy to strengthen its financial position and support its ongoing projects.
More about Scorpion Minerals Limited
Scorpion Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction and production of minerals, aiming to enhance its market presence through strategic resource management and expansion.
YTD Price Performance: -5.00%
Average Trading Volume: 668,346
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.48M
See more insights into SCN stock on TipRanks’ Stock Analysis page.