Variscan Mines Limited (AU:VAR) has released an update.
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Variscan Mines Limited has issued over 44 million ordinary shares and more than 121 million unlisted options as part of its strategic financial maneuvers. These securities were primarily allocated to directors to settle unpaid fees and under loan agreements, with additional options granted to the lead manager and underwriters. The move is a part of Variscan’s efforts to strengthen its financial position and support its mineral projects in Spain, Chile, and Australia.
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