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Arrow Minerals Limited ( (AU:AMD) ) has provided an update.
Arrow Minerals Limited has completed a significant capital consolidation at a 20 to 1 ratio, as approved by its shareholders. This consolidation aims to streamline its capital structure, with the post-consolidation structure now consisting of 661,180,749 fully paid ordinary shares and various performance rights and options. This move is expected to improve the company’s market position and operational efficiency, allowing it to focus on its core projects in Guinea, West Africa.
More about Arrow Minerals Limited
Arrow Minerals Limited is focused on creating value for shareholders through the discovery and development of iron ore and bauxite prospects at its Simandou North Iron Project and Niagara Bauxite Project in Guinea, West Africa. The company aims to enhance the value of its projects by leveraging multi-user rail and port infrastructure.
YTD Price Performance: 0%
Average Trading Volume: 1,518,080
Current Market Cap: A$23.8M
See more insights into AMD stock on TipRanks’ Stock Analysis page.