Genesis Minerals MD Exercises Options, Minimizes Dilution

Genesis Minerals Limited (AU:GMD) has released an update.

Genesis Minerals Limited has announced that its Managing Director, Raleigh Finlayson, has exercised 12,250,000 options, resulting in the issuance of 6,300,647 new shares in the company. The options, approved at the 2021 Annual General Meeting, were exercised via a cashless mechanism to minimize dilution for existing shareholders. This strategic financial move aligns with the company’s recapitalization efforts and board restructuring.

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