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The latest announcement is out from Firebird Metals Ltd. ( (AU:FRB) ).
Firebird Metals Limited has notified the market of the issue of 7.2 million unquoted performance rights and a total of 6 million unquoted options to employees under its incentive scheme. The options are split evenly between tranches exercisable at $0.30 and $0.40, both expiring on 30 December 2028, and the new securities are not intended to be quoted on the ASX. The move underscores Firebird’s use of equity incentives to retain and motivate staff while potentially diluting existing shareholders if the rights and options are ultimately exercised.
More about Firebird Metals Ltd.
Firebird Metals Limited is an Australian-listed company on the ASX under the ticker FRB. The company operates in the resources sector, with its activities focused on exploration and development of mineral assets, and it uses equity-based incentive structures to align employees and key personnel with shareholder interests.
Average Trading Volume: 314,445
Technical Sentiment Signal: Buy
Current Market Cap: A$29.28M
For a thorough assessment of FRB stock, go to TipRanks’ Stock Analysis page.