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Alvo Minerals Limited ( (AU:ALV) ) has provided an update.
Alvo Minerals Limited has notified the market of the issue of 3,000,000 unquoted options with an exercise price of $0.075 and an expiry date of 5 February 2029. The options, which were previously flagged in an earlier capital markets filing, are not intended to be quoted on the ASX, indicating a targeted equity-based instrument likely linked to internal or transaction-related incentives and potentially modest dilution for existing shareholders.
More about Alvo Minerals Limited
Alvo Minerals Limited is an Australian-listed resources company focused on mineral exploration and development. The company is listed on the ASX under the ticker ALV and operates within the mining and minerals sector, targeting value creation through the discovery and advancement of mineral assets.
Average Trading Volume: 885,663
Technical Sentiment Signal: Sell
Current Market Cap: A$10.98M
Find detailed analytics on ALV stock on TipRanks’ Stock Analysis page.