Aurum Resources Limited Issues Cleansing Notice for Share Conversion

Aurum Resources Limited ( (AU:AUE) ) has provided an update.

Aurum Resources Limited has issued a cleansing notice under section 708A(5)(e) of the Corporations Act 2001, following the release of Appendix 2A. The company has issued 3,962 fully paid ordinary shares due to the conversion of MKG options as outlined in the takeover documentation. This notice allows the sale of these shares to fall within the exemption provided by section 708A(5) of the Act, ensuring compliance with relevant legal provisions and maintaining transparency for stakeholders.

The most recent analyst rating on (AU:AUE) stock is a Buy with a A$0.63 price target. To see the full list of analyst forecasts on Aurum Resources Limited stock, see the AU:AUE Stock Forecast page.

More about Aurum Resources Limited

Aurum Resources Limited operates in the resources industry, focusing on the exploration and development of mineral resources. The company is involved in the acquisition and management of mining projects, aiming to expand its portfolio and enhance its market position.

Average Trading Volume: 1,122,997

Technical Sentiment Signal: Buy

Current Market Cap: A$111.5M

For an in-depth examination of AUE stock, go to TipRanks’ Stock Analysis page.