Thunderbird Resources Secures ASX Waiver for Strategic Acquisition

Thunderbird Resources ( (AU:THB) ) has shared an announcement.

Thunderbird Resources Limited announced that it has been granted a waiver from ASX Listing Rule 7.3.4, allowing the company to issue deferred consideration shares beyond the typical three-month period following shareholder approval. This waiver pertains to the acquisition of LM2 Metals Pty Ltd and the Springfield Gold Deposit, enabling Thunderbird to issue up to 57,142,857 shares upon meeting specific milestones within five years. This strategic move is expected to enhance Thunderbird’s operational flexibility and strengthen its position in the gold mining sector, potentially impacting its capital structure and shareholder value.

More about Thunderbird Resources

Thunderbird Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in acquiring and managing gold deposits, with a market focus on expanding its resource base through strategic acquisitions.

YTD Price Performance: 41.18%

Average Trading Volume: 2,174,170

Technical Sentiment Signal: Sell

Current Market Cap: A$11.53M

For detailed information about THB stock, go to TipRanks’ Stock Analysis page.