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Marmota Limited ( (AU:MEU) ) has shared an update.
Marmota Limited, a company listed on the ASX, has issued 90,909,091 fully paid ordinary shares at 5.5 cents per share to institutional, sophisticated, and professional investors. Additionally, they have issued 818,347 shares as partial payment to a contractor. This strategic move is made under the provisions of the Corporations Act 2001, and the company has ensured compliance with relevant legal requirements, indicating a focus on maintaining regulatory standards while enhancing its financial position through this share placement.
More about Marmota Limited
YTD Price Performance: 40.0%
Average Trading Volume: 1,742,736
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$60.85M
Find detailed analytics on MEU stock on TipRanks’ Stock Analysis page.
