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The latest update is out from Strategic Energy Resources Limited ( (AU:SER) ).
Strategic Energy Resources Limited has issued 262,241,676 fully paid ordinary shares to institutional and sophisticated investors, including company directors, at an issue price of $0.005 per share. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act and is part of the company’s efforts to strengthen its financial position and support its exploration activities in Queensland.
More about Strategic Energy Resources Limited
Strategic Energy Resources is a specialized explorer focused on discovering world-class copper deposits in Queensland. The company is actively exploring the undercover extensions of the Mt Isa Inlier at Isa North and Canobie, in a joint venture with Fortescue, and the recently acquired Diamantina Project.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.18M
For detailed information about SER stock, go to TipRanks’ Stock Analysis page.