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Southern Gold Limited ( (AU:ION) ) has shared an update.
IONDRIVE Limited has notified the ASX of the issue of 26 million unquoted options, each exercisable at $0.067 and expiring on 6 February 2030. The new options, which form part of previously announced transactions and are not intended to be quoted on the ASX, increase the company’s unquoted equity pool and may lead to future dilution for existing shareholders if exercised, while potentially aligning incentives for recipients with longer-term company performance.
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
For an in-depth examination of ION stock, go to TipRanks’ Overview page.