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Kaiser Reef Ltd ( (AU:KAU) ) has issued an announcement.
Kaiser Reef Ltd has issued 9,500,000 fully paid ordinary shares, taking advantage of the exemptions provided under section 708A(5) of the Corporations Act 2001 which enables the on-sale of securities without disclosure. The company is actively exploring commercial opportunities, such as acquisitions and joint ventures, though these are in early stages and not guaranteed to progress. The market will be kept informed under continuous disclosure obligations.
More about Kaiser Reef Ltd
Kaiser Reef Ltd is a high-grade gold producer and exploration company focused on the Victorian goldfields. The company owns and operates the A1 Gold Mine, Maldon Gold Processing Plant, and the Maldon Gold Mine, which is currently under care and maintenance.
YTD Price Performance: 3.12%
Average Trading Volume: 647,269
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$41.43M
Learn more about KAU stock on TipRanks’ Stock Analysis page.
