Shares of IronRidge Resources Limited (OTCMKTS:IRRLF) continued to move higher on Friday, extended its weekly gain to 195.
Market Reaction
On Friday, IRRLF stock moved up 13.91% to $0.3191 with more than 119K shares, compared to its average volume of 127k shares. The stock has moved within a range of $0.3090 – 0.3245 after opening trade at $0.3090.
Announces Results of Annual General Meeting
Africa focused minerals exploration company with significant lithium pegmatite discovery in Ghana, gold portfolios in Côte d’Ivoire as well as potential new gold province discovery in Chad, IronRidge Resources Limited (OTCMKTS:IRRLF) on November 18, 2021 confirmed that all resolutions given to shareholders at its Annual General Meeting in Australia were approved by show of hands.
More updates will be given by the company on the timing of the name change to Atlantic Atlantic Lithium Limited as well as change of TIDM from “IRR” to “ALL” once approval is received from Australian Securities and Investments Commission.
Vincent Mascolo, Chief Executive Officer of IronRidge, said that the company has demonstrated robust support from shareholders for resolutions provided at the AGM.
Mascolo added that the name change to Atlantic Lithium in the coming days reflects fresh strategy on Lithium, with development of its Ewoyaa Project in Ghana. The CEO added that the demerger of its gold assets into new entity, Ricca Resources, will completely realise value of its Cape Coast Lithium Portfolio within the Atlantic structure.
Furthermore, shareholders will be benefitting from approved demerger of its highly prospective gold projects throughout Chad and Cote d’Ivoire.
Investors must remember that if they wish to partake inRicca Resources gold demerger, they should register on IronRidge on November 19, 2021.
