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Anax Metals Clarifies Convertible Note Agreement Details

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Anax Metals Clarifies Convertible Note Agreement Details

Confident Investing Starts Here:

Anax Metals Limited ( (AU:ANX) ) just unveiled an update.

Anax Metals Limited has issued a clarification regarding its previous disclosures about a convertible note agreement with Mineral Development Partners Pte Ltd. The company identified inconsistencies in its earlier announcements related to the issuance of conversion shares, which are now proposed to be issued in two tranches, subject to various conditions. Anax has taken steps to improve its corporate compliance management to prevent future discrepancies.

More about Anax Metals Limited

Anax Metals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. It collaborates with strategic partners to enhance its market position.

YTD Price Performance: -16.67%

Average Trading Volume: 51,702,790

Technical Sentiment Signal: Sell

Current Market Cap: A$7.06M

Learn more about ANX stock on TipRanks’ Stock Analysis page.

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