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The latest update is out from Cyclone Metals Ltd ( (AU:CLE) ).
Cyclone Metals Ltd has announced a change in the director’s interest in securities, specifically regarding David Sanders. The company has increased Sanders’ holdings by 382,144 fully paid ordinary shares through a non-cash distribution valued at $0.043 per share. This change is linked to the company’s agreement with the Iron Bear Unit Trust, which was approved by shareholders for a success fee distribution. The distribution is part of the Iron Bear Mandate Agreement, which allows directors to participate in the success fee payable to the Iron Bear Unit Trust.
More about Cyclone Metals Ltd
YTD Price Performance: 12.50%
Average Trading Volume: 2,045,942
Technical Sentiment Signal: Sell
Current Market Cap: A$63.89M
For an in-depth examination of CLE stock, go to TipRanks’ Overview page.