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Legacy Minerals Options Lapse Clarifies Capital Structure

Story Highlights
  • Legacy Minerals has reported the lapse of 401,833 LGMAH options after their conditions were not satisfied.
  • This option expiry modestly reduces potential dilution and provides greater clarity on Legacy Minerals’ capital structure for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Legacy Minerals Options Lapse Clarifies Capital Structure

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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has shared an update.

Legacy Minerals Holdings Ltd has notified the market that 401,833 LGMAH options, exercisable at $0.225 and due to expire on 23 December 2025, have lapsed because the conditions attached to these options were not met or have become incapable of being satisfied. The cessation of these options slightly reduces the company’s potential future share dilution and clarifies its capital structure for investors, but does not involve any new capital raising or change in operating activities.

More about Legacy Minerals Holdings Ltd.

Legacy Minerals Holdings Ltd is an Australian-listed resources company (ASX: LGM) operating in the mining and exploration sector, with its capital structure including various classes of listed options and ordinary securities.

Average Trading Volume: 492,773

Technical Sentiment Signal: Sell

Current Market Cap: A$31.93M

For a thorough assessment of LGM stock, go to TipRanks’ Stock Analysis page.

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