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G11 Resources Limited Announces Capital Consolidation

Story Highlights
  • G11 Resources Limited consolidates capital, affecting Director Martin Donohue’s interests.
  • The 10 to 1 consolidation aims to streamline capital structure and impact market positioning.
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G11 Resources Limited Announces Capital Consolidation

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Odin Metals Ltd ( (AU:G11) ) has shared an update.

G11 Resources Limited has announced a consolidation of capital affecting the interests of Director Martin Donohue. This consolidation involves a 10 to 1 reduction in the number of shares and options held by entities associated with Mr. Donohue, including Penstock Group Pty Ltd and Olivers Hill Pty Ltd. The consolidation aims to streamline the company’s capital structure, potentially impacting shareholder value and the company’s market positioning.

More about Odin Metals Ltd

Average Trading Volume: 171,650

Technical Sentiment Signal: Buy

Current Market Cap: A$37.37M

See more insights into G11 stock on TipRanks’ Stock Analysis page.

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