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NickelSearch Ltd. ( (AU:AM5) ) has issued an update.
Antares Metals Limited has notified the market of the issue of 126,875,000 unquoted options with an exercise price of $0.02 and an expiry date of 31 January 2029. The large tranche of long-dated options, issued under a previously announced transaction and not intended to be quoted on the ASX, represents a significant potential source of future equity capital and may influence the company’s capital structure and incentive arrangements over the medium term.
The most recent analyst rating on (AU:AM5) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on NickelSearch Ltd. stock, see the AU:AM5 Stock Forecast page.
More about NickelSearch Ltd.
Antares Metals Limited is an ASX-listed resources company operating in the metals and mining sector, with its activities focused on the exploration and development of mineral assets. The company accesses capital markets via both quoted and unquoted securities on the Australian Securities Exchange under the issuer code AM5.
Average Trading Volume: 2,383,568
Technical Sentiment Signal: Sell
Current Market Cap: A$6.44M
See more data about AM5 stock on TipRanks’ Stock Analysis page.