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Globe Metals & Mining Limited ( (AU:GBE) ) has provided an update.
Globe Metals & Mining Limited has disclosed a significant change in director Bo Tan’s relevant interest in the company, with his indirect holding, via Triple Talent Enterprises Ltd, increasing from 69,428,662 to 125,621,035 ordinary fully paid shares. The additional 56,192,373 shares, valued at approximately A$2.87 million at A$0.051 per share, were issued as satisfaction of part of the principal outstanding and capitalised interest under an existing loan agreement, effectively converting debt to equity and increasing Tan’s stake and alignment with shareholders without any on-market trading activity.
More about Globe Metals & Mining Limited
Globe Metals & Mining Limited is an Australia-listed resources company focused on the exploration and development of mineral assets. The company operates within the metals and mining sector, with its activities centred on securing and advancing resource projects to create value for shareholders.
Average Trading Volume: 195,834
Technical Sentiment Signal: Sell
Current Market Cap: A$39.68M
See more data about GBE stock on TipRanks’ Stock Analysis page.