Merdeka Gold Resources Seeks Shareholder Approval for Share Placement of Up to 10% of Existing Capital

Bitget2026/10/20 14:00

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Merdeka Gold Resources seeks independent shareholder approval on November 26, 2026, to issue up to 1,473,136,606 shares without pre-emptive rights.
The issuance represents 10% of existing shares, with maximum ownership dilution of 9.09%.
New shares would be priced at least 90% of the average closing price over 25 consecutive trading days before the listing application.
Approximately 25% of proceeds would fund working capital; other uses include business development and debt repayment.
The board of directors and commissioners view the proposal as one of the best options for the company and shareholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Merdeka Gold Resources Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32167873) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Merdeka Gold Resources Seeks Shareholder Approval for Share Placement of Up to 10% of Existing Capital

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