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Turaco Gold Ltd ( (AU:TCG) ) has provided an update.
Turaco Gold Limited has withdrawn Resolution 9, which sought approval for the issuance of an additional 10% of issued capital under ASX Listing Rule 7.1A, from its upcoming Annual General Meeting. The withdrawal is due to the company’s market capitalization exceeding $300 million, making it ineligible under the rule. This decision does not affect the validity of proxy votes already submitted for other resolutions.
The most recent analyst rating on (AU:TCG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Turaco Gold Ltd stock, see the AU:TCG Stock Forecast page.
More about Turaco Gold Ltd
Turaco Gold Limited operates in the mining industry, focusing on gold exploration and development. The company is based in West Perth, Western Australia, and is listed on the Australian Securities Exchange under the ticker TCG.
Average Trading Volume: 1,352,538
Technical Sentiment Signal: Hold
Current Market Cap: A$397M
Find detailed analytics on TCG stock on TipRanks’ Stock Analysis page.