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Corazon Mining Director Alters Equity Holding Through ZEPO Conversion

Story Highlights
  • Corazon Mining reported a change in director Kristie Young’s interests via her partner’s holdings.
  • Partner David True converted 500,000 ZEPOs into shares, increasing direct equity without cash outlay.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Corazon Mining Director Alters Equity Holding Through ZEPO Conversion

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Corazon Mining Limited ( (AU:CZN) ) has shared an announcement.

Corazon Mining Limited has disclosed a change in the interests of director Kristie Young, reflecting adjustments to securities held directly and indirectly through her partner, David True. The filing shows the conversion of 500,000 zero exercise price options into fully paid ordinary shares at no cash cost, increasing his direct shareholding while reducing his ZEPO balance.

Following the transaction, True’s direct holding rose to 844,580 fully paid ordinary shares and 1.5 million ZEPOs, alongside an unchanged indirect interest of 66,667 securities. The change, reported under ASX listing rules, signals ongoing alignment of director-related holdings with the company’s equity structure but does not indicate any on-market trading or capital-raising activity.

The most recent analyst rating on (AU:CZN) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Corazon Mining Limited stock, see the AU:CZN Stock Forecast page.

More about Corazon Mining Limited

Corazon Mining Limited is an Australian-listed resources company focused on mineral exploration and development. The company’s activities center on identifying and advancing mining projects, with its securities traded on the ASX and subject to Australian corporate and listing regulations.

Average Trading Volume: 180,441

Technical Sentiment Signal: Sell

Current Market Cap: A$12.01M

Learn more about CZN stock on TipRanks’ Stock Analysis page.

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