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Burgundy Diamond Mines Ltd ( (AU:BDM) ) has issued an update.
Burgundy Diamond Mines Limited has notified the ASX of a proposed issue of up to 954,239,024 Tranche B warrants, each with an exercise price of 1.7 cents and an expiry date of 17 December 2035, as part of a placement or other type of security issue. The warrants, expected to be issued on 18 March 2026, represent a substantial potential source of future capital for the company and may lead to significant dilution for existing shareholders if fully exercised, underscoring the company’s ongoing efforts to strengthen its balance sheet and fund its strategic activities in the diamond industry.
The most recent analyst rating on (AU:BDM) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Burgundy Diamond Mines Ltd stock, see the AU:BDM Stock Forecast page.
More about Burgundy Diamond Mines Ltd
Burgundy Diamond Mines Limited is an Australia-listed resources company focused on the diamond sector, with its securities traded on the ASX under the code BDM.
Average Trading Volume: 2,575,453
Technical Sentiment Signal: Sell
Current Market Cap: A$24.16M
Learn more about BDM stock on TipRanks’ Stock Analysis page.