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Daily Archives: June 30, 2020

Small Cap Watch: MANUKA RESOURCES

manuka resources gold mining australia small cap asx stock

Australia’s newest gold producer, Manuka Resources (MKR), will commence trading on the ASX on 14 July after raising $7M (35m shares @ 20c) in an IPO that was 100% oversubscribed. Post the raising 249m shares will be on issue, implying a market cap of almost $50M with consolidated debts of $24.66M. The 249m shares on