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An update from Astro Resources NL ( (AU:ASE) ) is now available.
Venari Minerals NL has announced the issuance of 273,945,629 fully paid ordinary shares to sophisticated investors as part of its second tranche of capital raising. This move follows shareholder approval from a recent general meeting and is part of the company’s efforts to strengthen its financial position. The shares were issued without disclosure under the Corporations Act, and the company has complied with all relevant legal provisions. This capital raising is expected to impact Venari’s operations by providing additional funds for its exploration and development activities, potentially enhancing its market positioning and offering new opportunities for stakeholders.
More about Astro Resources NL
Venari Minerals NL, formerly known as Astute Metals NL, operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange under the ticker ASE, with plans to update its ticker to VMS.
Average Trading Volume: 1,985,562
Technical Sentiment Signal: Sell
Current Market Cap: A$11.37M
Learn more about ASE stock on TipRanks’ Stock Analysis page.