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Sultan Resources Ltd. ( (AU:SLZ) ) just unveiled an update.
Sultan Resources Ltd has announced an update to its previous securities issue, increasing the placement size from 111,111,111 shares and 55,555,555 options to 122,222,222 shares and 61,111,111 options. The Lead Manager options have also been increased from 25 million to 30 million SLZO options. The first tranche of shares issued is 73,380,679, with the remaining balance subject to shareholder approval. This expansion in securities issuance may enhance the company’s capital base and potentially strengthen its market position.
More about Sultan Resources Ltd.
Average Trading Volume: 7,369,849
Technical Sentiment Signal: Sell
Current Market Cap: A$6.02M
For detailed information about SLZ stock, go to TipRanks’ Stock Analysis page.