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Alvo Minerals Limited ( (AU:ALV) ) has provided an announcement.
Alvo Minerals Limited has announced the issuance of unlisted free-attaching options to acquire fully paid ordinary shares under an accelerated non-renounceable entitlement offer. This offer is structured to target eligible institutional and retail shareholders, allowing them to subscribe for new shares and receive options, which can be exercised at a price of $0.05. The move is part of the company’s strategy to enhance shareholder value and potentially increase market liquidity. The options have specific exercise and expiry conditions, and the company has outlined the eligibility criteria and application process for interested shareholders.
More about Alvo Minerals Limited
Alvo Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in offering unlisted free-attaching options to acquire fully paid ordinary shares, targeting eligible shareholders through an accelerated non-renounceable entitlement offer.
Average Trading Volume: 226,744
Technical Sentiment Signal: Sell
Current Market Cap: A$5.98M
Find detailed analytics on ALV stock on TipRanks’ Stock Analysis page.