Arrow Minerals Limited ( (AU:AMD) ) has shared an update.
Arrow Minerals Limited announced the outcome of a review regarding a breach of ASX Listing Rule 10.11 by a director involving share placements. The review, conducted by Pitcher Partners Corporate Finance, led to recommendations for improving compliance policies, which the company has largely adopted. As a remedial action, the director involved sold shares at a loss and forfeited entitlement to options. This development underscores Arrow’s commitment to corporate governance and compliance, potentially strengthening its industry positioning.
More about Arrow Minerals Limited
Arrow Minerals Limited is focused on creating value for shareholders through the discovery and development of mineral deposits into producing mines. The company is currently working on two projects in Guinea, West Africa: the Niagara Bauxite Project and the Simandou North Iron Project, both strategically located near the Trans-Guinean Railway under construction.
YTD Price Performance: -33.33%
Average Trading Volume: 2,317,365
Technical Sentiment Signal: Buy
Current Market Cap: A$20.49M
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