Scorpion Minerals Enhances Operations with New Share Issuance

Scorpion Minerals Limited ( (AU:SCN) ) has provided an update.

Scorpion Minerals Limited has issued a total of 89,750,000 fully paid ordinary shares as part of a recent placement and to settle trade payables, including shares allocated for future drilling services. This issuance is aligned with the company’s compliance with the Corporations Act, enabling the shares to be exempt from on-sale restrictions, reflecting a strategic move to enhance operational capabilities and fulfill financial obligations.

More about Scorpion Minerals Limited

Scorpion Minerals Limited is a company operating in the mining industry, primarily focused on mineral exploration and development. The company is listed on the Australian Securities Exchange (ASX) under the ticker SCN.

YTD Price Performance: 5.00%

Average Trading Volume: 542,117

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$8.6M

For an in-depth examination of SCN stock, go to TipRanks’ Stock Analysis page.