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Taruga Minerals Issues 94.7 Million New Shares and Confirms Regulatory Compliance

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Taruga Minerals Issues 94.7 Million New Shares and Confirms Regulatory Compliance

Meet Samuel – Your Personal Investing Prophet

The latest update is out from Taruga Minerals Limited ( (AU:TAR) ).

Taruga Minerals Limited has completed a share placement to unrelated investors, issuing 90 million fully paid ordinary shares at $0.01 per share, alongside a further 4.73 million shares from the conversion of unquoted options at $0.015 each, to support its ongoing corporate and exploration activities. The company confirmed that these new securities were issued without a prospectus in reliance on provisions of the Corporations Act, while affirming its compliance with continuous disclosure and financial reporting obligations and stating there is no excluded information requiring disclosure, thereby maintaining regulatory transparency for existing and new shareholders.

More about Taruga Minerals Limited

Taruga Minerals Limited is an Australian-listed resources company focused on mineral exploration and development, with its ordinary shares traded on the ASX under the ticker TAR.

Average Trading Volume: 4,164,759

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$12.85M

See more data about TAR stock on TipRanks’ Stock Analysis page.

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