Fin Resources Director Boosts Equity Stake Through Note Conversion

Fin Resources Limited ( (AU:FIN) ) just unveiled an announcement.

Fin Resources Limited has reported a change in the indirect security holdings of director Bruce McFadzean via his interest in Tardis Too Pty Ltd . The update reflects internal capital structure adjustments rather than an operational development, but signals the director’s continued equity exposure to the company. McFadzean’s 20,000 convertible notes were fully converted into 3,076,923 ordinary shares at $0.0065 per share, with an accompanying issue of 3,076,923 unquoted options exercisable at $0.00845 and expiring on 31 December 2027, lifting his indirect shareholding to 13,031,468 shares while maintaining 5,000,000 existing options and adding the new tranche of options, and potentially aligning his interests more closely with equity performance over the medium term.

The most recent analyst rating on (AU:FIN) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Fin Resources Limited stock, see the AU:FIN Stock Forecast page.

More about Fin Resources Limited

Average Trading Volume: 7,666,918

Technical Sentiment Signal: Sell

Current Market Cap: A$9.85M

For a thorough assessment of FIN stock, go to TipRanks’ Stock Analysis page.