Southern Alliance Mining Expands with New Share Issuance for Acquisition
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Southern Alliance Mining Ltd. has announced the issuance of 147,982,380 new ordinary shares to acquire a 40% stake in MCRE Resources Sdn. Bhd. The Singapore Exchange has granted a listing notice for these shares on the Catalist board, pending compliance with listing requirements. This strategic move aims to enhance the company's market position and asset base, although it may have implications for future acquisitions. Southern Alliance Mining focuses on acquiring and developing mineral resources in Singapore.
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