Latest Manuka Resources (NZX:MKR) News

Manuka Resources has completed the issue of 207.1 million ordinary shares at AUD 0.07 each, adding an implied AUD 14.5 million in gross cash proceeds. The placement lifts quoted shares on issue to nearly 1.8 billion, making dilution the filing's clearest investor consequence.

Manuka Resources has locked in an underwriting deal to cover the exercise of over 11 million options, aiming to raise approximately $2.5 million through a share issuance expected by late May.

Manuka Resources completes early-stage Mt Boppy drilling with low-grade gold results but gains key structural insights, while launching resource definition drilling at Pipeline Ridge targeting a maiden gold resource.