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Auravelle Metals Director Increases Stake with New Options

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Auravelle Metals Director Increases Stake with New Options

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Sipa Resources Limited ( (AU:AUV) ) has issued an update.

Auravelle Metals Limited announced a change in the interest of its director, John Forwood, with the acquisition of 1,890,000 unlisted options at a 3.4 cent exercise price, set to expire on December 5, 2028. This change, approved by shareholders at the recent AGM, reflects a strategic move to align the director’s interests with the company’s long-term goals, potentially impacting the company’s governance and stakeholder confidence.

More about Sipa Resources Limited

Average Trading Volume: 2,171,242

Technical Sentiment Signal: Buy

Current Market Cap: A$9.96M

Find detailed analytics on AUV stock on TipRanks’ Stock Analysis page.

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