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Errawarra Resources Ltd. ( (AU:ERW) ) just unveiled an update.
Errawarra Resources Ltd has issued 4,444,444 fully paid ordinary shares at $0.027 per share to a Corporate Advisor as payment in lieu of fees, following shareholder approval. This issuance falls under the exemption in section 708A(5) of the Corporations Act, allowing the shares to be sold without disclosure. The updated capital structure now includes 123,745,279 ordinary shares and various unlisted options and performance rights, reflecting the company’s strategic financial maneuvers to enhance its market positioning.
More about Errawarra Resources Ltd.
Errawarra Resources (ASX:ERW) is a battery metal focused resources company with projects in Western Australia, including the Andover West Lithium Prospect in the Pilbara region and the Errabiddy gold/graphite/lithium project in the Gascoyne region.
Average Trading Volume: 726,166
Technical Sentiment Signal: Sell
Current Market Cap: A$6.2M
For an in-depth examination of ERW stock, go to TipRanks’ Stock Analysis page.