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Middle Island Resources Limited ( (AU:MDI) ) has shared an update.
Middle Island Resources Limited has successfully issued 698,750,000 fully paid ordinary shares, with 200,000,000 shares priced at $0.017 each for a placement and the remainder for acquiring Konstantin Resources Limited. This move, approved by shareholders, aligns with the company’s strategic growth plans and complies with relevant corporate regulations, potentially enhancing its operational capabilities and market position.
More about Middle Island Resources Limited
Middle Island Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with gold and other valuable minerals, aiming to expand its market presence through strategic acquisitions and share placements.
YTD Price Performance: 108.33%
Average Trading Volume: 2,458,511
Technical Sentiment Signal: Hold
Current Market Cap: A$7.33M
See more data about MDI stock on TipRanks’ Stock Analysis page.