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Sipa Resources Limited ( (AU:AUV) ) just unveiled an announcement.
Auravelle Metals Limited has issued 10 million unquoted options exercisable at $0.032 and expiring on 13 January 2028, with the issue taking effect on 13 January 2026. These options, which are not intended to be quoted on the ASX, form part of a previously announced transaction and represent a further refinement of the company’s capital structure that may provide additional funding flexibility and potential dilution for existing shareholders in the event of future exercise.
More about Sipa Resources Limited
Auravelle Metals Limited, listed on the ASX under the code AUV, operates in the metals and mining sector, though the specific commodities or projects it focuses on are not detailed in the announcement. The company utilises equity-based instruments, including unquoted options, as part of its capital management and corporate financing structure.
Average Trading Volume: 3,489,379
Technical Sentiment Signal: Buy
Current Market Cap: A$10.62M
Learn more about AUV stock on TipRanks’ Stock Analysis page.