Metro Mining Limited (AU:MMI) has released an update.
Metro Mining Limited has announced the issuance of 252.6 million new ordinary shares to Nebari Natural Resources after the conversion of subscription warrants, with the transaction totaling approximately A$3 million. The shares were issued under specific provisions of the Corporations Act without requiring disclosure to Nebari. The announcement, which includes compliance confirmation and no excluded information, is part of Metro’s ongoing operations in bauxite mining for aluminium production in Far North Queensland.
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