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Felix Gold Ltd. ( (AU:FXG) ) has shared an update.
Felix Gold Limited announced the issuance of 525,000 fully paid ordinary shares following the exercise of unlisted options at $0.15 per share. This move is part of the company’s compliance with relevant sections of the Corporations Act 2001. The issuance of shares without disclosure under the Act indicates Felix Gold’s strategic financial maneuvers to strengthen its market position and operational capabilities. This announcement reflects the company’s ongoing efforts to enhance its capital structure and support its exploration activities in Alaska.
More about Felix Gold Ltd.
Felix Gold Limited is an ASX-listed company focused on gold discovery in the Tintina Gold Province of Alaska, USA. The company holds a significant landholding in the Fairbanks Gold District, one of the largest gold production centers in the Tintina belt. Felix Gold’s projects are strategically located near major gold mines and discoveries, allowing for year-round exploration and potential development. The company aims to become a leading gold exploration business in the region through aggressive pursuit of Tier 1 gold discoveries.
Average Trading Volume: 2,035,715
Technical Sentiment Signal: Buy
Current Market Cap: A$248M
Learn more about FXG stock on TipRanks’ Stock Analysis page.