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Adelong Gold Limited to Issue 20 Million New Shares

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Adelong Gold Limited to Issue 20 Million New Shares

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3D Resources Limited ( (AU:ADG) ) just unveiled an update.

Adelong Gold Limited announced a proposed issuance of 20 million fully paid ordinary shares, set to occur on March 19, 2025. This strategic move aims to raise capital, potentially enhancing the company’s financial position and allowing further investment in its gold exploration and development activities, which could impact its market positioning and stakeholder interests.

More about 3D Resources Limited

Adelong Gold Limited operates in the precious metals mining industry, focusing on the exploration and development of gold resources. The company is primarily engaged in extracting and processing gold, positioning itself within the mining sector to capitalize on the demand for gold.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$6.15M

See more data about ADG stock on TipRanks’ Stock Analysis page.

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