Arrow Minerals Limited (AU:AMD) has released an update.
Arrow Minerals Limited has announced the issuance of 400 million shares resulting from the conversion of 500,000 convertible notes at $0.00125 each. The shares were issued without disclosure under specific sections of the Corporations Act, with the company affirming compliance with the Act’s provisions and confirming there is no undisclosed information that would be pertinent to investors. Arrow Minerals is currently focused on developing the Simandou North Iron Project in Guinea, aiming to capitalize on nearby infrastructure developments and expedite the path to iron ore production and exports.
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