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White Cliff Minerals Issues 10 Million Shares on WCNO Conversion

Story Highlights
  • White Cliff Minerals issued 10 million new ordinary shares after converting 10 million WCNO securities.
  • The company affirmed Corporations Act compliance and no undisclosed information, underscoring transparent capital management.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
White Cliff Minerals Issues 10 Million Shares on WCNO Conversion

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White Cliff Minerals Limited ( (AU:WCN) ) just unveiled an update.

White Cliff Minerals has issued 10 million new ordinary shares following the conversion of 10 million WCNO securities, modestly expanding its share capital base. The company confirmed the shares were issued without a prospectus under Australian Corporations Act provisions and stated it remains compliant with its continuous disclosure and financial reporting obligations, with no undisclosed price-sensitive information, aiming to reassure investors about regulatory adherence and transparency around the capital change.

The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.

More about White Cliff Minerals Limited

White Cliff Minerals Limited is an Australia-based mineral exploration company listed on the ASX and OTCQB, focused on identifying and developing resource projects, with its corporate headquarters in Perth, Western Australia.

Average Trading Volume: 8,369,870

Technical Sentiment Signal: Sell

Current Market Cap: A$48.35M

See more insights into WCN stock on TipRanks’ Stock Analysis page.

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