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EV Resources Issues 75 Million Unquoted Performance Rights and Options

Story Highlights
  • EV Resources is issuing 55 million unquoted performance rights under previously announced arrangements.
  • The company will also issue 20 million unquoted options, affecting its future capital structure and dilution.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
EV Resources Issues 75 Million Unquoted Performance Rights and Options

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An update from EV Resources Limited ( (AU:EVR) ) is now available.

EV Resources Ltd, listed on the ASX under the code EVR, has notified the market of the issue of new unquoted equity securities, consisting of performance rights and options that are not intended to be quoted on the exchange. The company will issue 55 million performance rights and 20 million options, expiring on various dates and at various exercise prices, as part of previously announced transactions, signaling a significant expansion of its unquoted incentive and financing instruments that may impact future capital structure and potential dilution for existing shareholders.

More about EV Resources Limited

Average Trading Volume: 13,694,810

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$24.32M

Find detailed analytics on EVR stock on TipRanks’ Stock Analysis page.

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