tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

West Wits Mining Issues 421.8 Million New Shares Under Cleansing Notice

Story Highlights
  • West Wits Mining has issued 421.75 million new shares at eight cents each.
  • The share issue was made without a prospectus, with the company affirming full regulatory compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
West Wits Mining Issues 421.8 Million New Shares Under Cleansing Notice

Claim 50% Off TipRanks Premium

West Wits Mining Limited ( (AU:WWI) ) just unveiled an announcement.

West Wits Mining Limited, listed on the ASX under the code WWI, operates in the mining sector, with its primary business focused on the exploration and development of mineral resources.

The company has issued 421,750,000 fully paid ordinary shares at $0.08 per share without a prospectus, relying on provisions of the Corporations Act that allow such an issue to be made to investors without formal disclosure, and has confirmed its ongoing compliance with relevant financial reporting and continuous disclosure obligations, indicating there is no excluded information that could affect investors’ decision-making.

The most recent analyst rating on (AU:WWI) stock is a Sell with a A$0.09 price target. To see the full list of analyst forecasts on West Wits Mining Limited stock, see the AU:WWI Stock Forecast page.

More about West Wits Mining Limited

Average Trading Volume: 14,101,136

Technical Sentiment Signal: Buy

Current Market Cap: A$311.8M

Find detailed analytics on WWI stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1