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An update from Southern Gold Limited ( (AU:ION) ) is now available.
IONDRIVE Limited has reported a change in director Andrew Sissian’s holdings following shareholder-approved equity issuances. Sissian acquired 227,272 ordinary shares at $0.044 per share through participation in a placement on the same terms as other investors, and received 6 million new unlisted options expiring in February 2030 at an exercise price of $0.067, issued for nil consideration as part of a director retention and incentive arrangement. After the transactions, his stake increased to 4,433,621 ordinary shares plus a total of 9 million unlisted options across two series, signaling stronger alignment of the director’s interests with shareholders and reinforcing the company’s use of equity-based incentives to retain key leadership.
The most recent analyst rating on (AU:ION) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Southern Gold Limited stock, see the AU:ION Stock Forecast page.
More about Southern Gold Limited
Average Trading Volume: 2,003,099
Technical Sentiment Signal: Buy
Current Market Cap: A$55.02M
Find detailed analytics on ION stock on TipRanks’ Stock Analysis page.