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Tombador Iron Ltd. ( (AU:TI1) ) has provided an announcement.
Tombador Iron Ltd. has received waivers from the ASX Listing Rules to facilitate its arrangement with GoviEx Uranium, which involves a reverse takeover and the creation of a new ASX-listed Zambian uranium company. The waivers allow the company to issue securities to related parties and GoviEx Securityholders without restrictions, ensuring the smooth execution of the deal and compliance with ASX requirements. This strategic move is expected to enhance Tombador’s market positioning and provide new opportunities in the uranium sector.
More about Tombador Iron Ltd.
Tombador Iron Ltd. is a company involved in the mining industry, primarily focusing on iron ore production. The company is expanding its market focus by entering the uranium sector through a strategic deal with GoviEx Uranium, aiming to create an ASX-listed Zambian uranium company.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.22M
For an in-depth examination of TI1 stock, go to TipRanks’ Overview page.