Sunstone Metals Limited (AU:STM) has released an update.
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Sunstone Metals Ltd has announced that the ASX has granted a waiver for its Share Purchase Plan, allowing the company to proceed without utilizing its existing placement capacity or requiring shareholder approval at the upcoming AGM. This waiver permits the company to offer new shares at a minimum price of $0.5 cents without exceeding 30% of the total number of shares currently in issue. As a result of the waiver, Sunstone has withdrawn a resolution for approval to issue shares that would have been necessary had the waiver been denied.
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