Echo Energy Expands Shares and Targets Peru Mining
Company Announcements

Echo Energy Expands Shares and Targets Peru Mining

Echo Energy (GB:ECHO) has released an update.

Echo Energy PLC has announced the issuance of over 1.3 billion new ordinary shares at 0.00288 pence each, following a conversion notice for a £40,000 loan. This action is expected to lead to the new shares being admitted to trading on the London Stock Exchange’s AIM market by August 1, 2024. Meanwhile, the company’s joint venture in Peru is set to initiate artisanal and small-scale gold and silver mining operations aimed at generating cash flow by the fourth quarter of 2024.

For further insights into GB:ECHO stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskNativo Resources Reports Shift in Voting Rights
TipRanks UK Auto-Generated NewsdeskNativo Resources Plc: Leadership Shift and Strategic Expansion
TipRanks UK Auto-Generated NewsdeskNativo Resources Expands Share Issuance Amid Peru Ventures
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App