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Southern Gold Limited ( (AU:ION) ) has issued an update.
IONDRIVE Limited has reported a change in director Adam Slater’s holdings, reflecting additional equity-based compensation and participation in a recent capital raising. The move forms part of the company’s efforts to retain and incentivise board members while aligning their interests more closely with shareholders.
Slater has been issued 6,000,000 unlisted options exercisable at $0.067 and 568,181 ordinary shares at $0.044 per share, lifting his total holding to 9,812,625 ordinary shares plus the options. The options were granted as a director incentive and the new shares were acquired through participation in a placement on the same terms as other investors, signalling director support for the company’s funding strategy and capital structure, with no trades occurring during a closed period.
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
See more data about ION stock on TipRanks’ Stock Analysis page.