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Aldoro Resources Ltd. ( (AU:ARN) ) has provided an update.
Aldoro Resources Ltd announced a clarification regarding their capital structure after an administrative oversight led to the conversion of performance rights into shares for Non-Executive Director Dr. Minlu Fu, which increased his voting power above the legal 20% threshold. The company has now rectified the situation by voiding the excess shares and reinstating the performance rights, and has implemented controls to prevent future occurrences.
More about Aldoro Resources Ltd.
YTD Price Performance: -17.11%
Average Trading Volume: 735,566
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$55.01M
See more insights into ARN stock on TipRanks’ Stock Analysis page.
