Arrow Minerals Limited (AU:AMD) has released an update.
Arrow Minerals Limited has announced a significant issuance of shares and options, including around half a million dollars raised through placement shares and the conversion of a substantial number of zero exercise price options. The move, which includes options issued to a contractor, aims to bolster the company’s efforts in advancing exploration and development of its Simandou North Iron Project in Guinea, targeting value creation through establishing economic iron ore deposits. The company assures compliance with the necessary financial regulations and continues to work on infrastructure access to maximize the project’s value.
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