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South Harz Potash Ltd ( (AU:SHP) ) has issued an update.
South Harz Potash Ltd has issued 20,150,000 fully paid ordinary shares at a price of $0.01 each, as per a notice under section 708A(5)(e) of the Corporations Act 2001. This issuance was conducted without disclosure to investors under Part 6D.2 of the Act, and the company confirms compliance with relevant provisions, ensuring transparency and adherence to regulatory requirements. This move could potentially enhance the company’s capital structure, supporting its operational and strategic initiatives.
More about South Harz Potash Ltd
South Harz Potash Ltd operates in the mining industry, focusing on the extraction and production of potash, a key ingredient in fertilizers. The company is listed on the ASX and Frankfurt exchanges, indicating a market focus that includes both Australian and European investors.
Average Trading Volume: 759,939
Technical Sentiment Signal: Sell
Current Market Cap: A$5.41M
For detailed information about SHP stock, go to TipRanks’ Stock Analysis page.