Great Northern Minerals Announces Expiration of Out-of-Money Options

Great Northern Minerals Limited ( (AU:GNM) ) just unveiled an announcement.

Great Northern Minerals Limited has announced the expiration of 66,333,333 quoted options under the ASX code GNMOC, which are exercisable at $0.06. These options are set to expire on July 1, 2025, and are currently out of the money, with the company’s share price at $0.018. The cessation of official quotation for these options will occur on June 24, 2025. The company has stated that no personalized notices will be dispatched to option holders, and there are no underwriting agreements related to these options. This expiration may affect stakeholders, as the options are unlikely to be exercised unless the market price exceeds the exercise price before the expiry date.

More about Great Northern Minerals Limited

Great Northern Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources in Australia. The company is listed on the Australian Securities Exchange (ASX) under the ticker GNM.

YTD Price Performance: 28.57%

Average Trading Volume: 361,793

Technical Sentiment Signal: Hold

Current Market Cap: A$2.63M

For detailed information about GNM stock, go to TipRanks’ Stock Analysis page.