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The latest announcement is out from Variscan Mines Limited ( (AU:VAR) ).
Variscan Mines Limited has reported the exercise of 772,306 unquoted options, each at an exercise price of $0.008, resulting in the issuance of an equivalent number of ordinary shares. The company confirmed that these new shares were issued without a prospectus under the Corporations Act’s cleansing provisions, and that it remains compliant with its continuous disclosure and financial reporting obligations, signalling a modest strengthening of its capital base while maintaining regulatory transparency for investors.
The most recent analyst rating on (AU:VAR) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Variscan Mines Limited stock, see the AU:VAR Stock Forecast page.
More about Variscan Mines Limited
Variscan Mines Limited (ASX:VAR) is a growth-oriented natural resources company focused on the acquisition, exploration and development of high-quality strategic mineral projects. The company holds a portfolio of high-impact base metal interests in Spain, Chile and Australia, with its primary focus on advancing zinc projects in Spain.
Average Trading Volume: 11,698,242
Technical Sentiment Signal: Sell
Current Market Cap: A$12.47M
See more insights into VAR stock on TipRanks’ Stock Analysis page.