Variscan Mines Issues Shares to Settle Directors’ Fees

Variscan Mines Limited (AU:VAR) has released an update.

Variscan Mines Limited has announced the issuance of over 23 million ordinary fully paid shares as part of a strategy to settle unpaid directors’ fees, following approval at the 2024 Annual General Meeting. This move aligns with the company’s efforts to optimize its financial structuring and enhance shareholder value. The new shares are set to be quoted on the Australian Securities Exchange.

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