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MC Mining Ltd Issues New Shares to Kinetic Development Subsidiary

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MC Mining Ltd Issues New Shares to Kinetic Development Subsidiary

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MC Mining Ltd ( (AU:MCM) ) has issued an update.

MC Mining Limited has issued 23,939,547 fully paid ordinary shares to a subsidiary of Hong Kong Stock Exchange Main Board Listed Kinetic Development Group Limited. This strategic move, as announced earlier in March 2025, was executed without disclosure under the Corporations Act, complying with relevant legal provisions. The issuance is part of MC Mining’s broader efforts to strengthen its financial position and enhance its market presence.

More about MC Mining Ltd

Average Trading Volume: 83,676

Technical Sentiment Signal: Buy

Current Market Cap: £33.67M

For a thorough assessment of MCM stock, go to TipRanks’ Stock Analysis page.

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