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The latest update is out from Sunshine Gold Ltd ( (AU:SHN) ).
Sunshine Metals Limited has issued 396,666,667 fully paid ordinary shares at $0.006 per share through a share placement to sophisticated and professional investors. This move, conducted without a disclosure under Part 6D.2 of the Corporations Act, is part of the company’s strategy to raise capital and strengthen its market position. The issuance complies with relevant provisions of the Corporations Act, and there is no excluded information that needs to be disclosed, indicating transparency and adherence to regulatory requirements.
More about Sunshine Gold Ltd
Sunshine Metals Limited operates within the metals industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker SHN.
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$12.7M
See more data about SHN stock on TipRanks’ Stock Analysis page.