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Great Northern Minerals Issues 5 Million Shares Under Corporations Act

Story Highlights
  • Great Northern Minerals issued 5 million shares after converting performance rights.
  • The share issuance was done without disclosure under section 708A of the Corporations Act.
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Great Northern Minerals Issues 5 Million Shares Under Corporations Act

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An update from Great Northern Minerals Limited ( (AU:GNM) ) is now available.

Great Northern Minerals Limited has issued 5,000,000 fully paid ordinary shares following the conversion of performance rights, under section 708A of the Corporations Act, without requiring disclosure to investors. This move is part of the company’s compliance with relevant legal provisions, indicating a strategic step in its financial operations that could impact its market positioning and stakeholder interests.

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.

YTD Price Performance: 485.71%

Average Trading Volume: 3,939,446

Technical Sentiment Signal: Hold

Current Market Cap: A$12.68M

Find detailed analytics on GNM stock on TipRanks’ Stock Analysis page.

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