Resolution Minerals Expands Share Base with New Placement

Resolution Minerals Ltd. ( (AU:RML) ) has shared an announcement.

Resolution Minerals Ltd has issued 140,000,001 fully paid ordinary shares and an additional 51,386,364 shares for broker and investor relations as part of a placement announced earlier. This move, executed without disclosure under specific provisions of the Corporations Act, indicates the company’s compliance with relevant legislative requirements and suggests a strategic effort to enhance its capital base, potentially impacting its market positioning and stakeholder interests.

More about Resolution Minerals Ltd.

Resolution Minerals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange under the ticker ASX:RML.

Average Trading Volume: 1,971,999

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$3.28M

See more insights into RML stock on TipRanks’ Stock Analysis page.