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Monger Gold Ltd. ( (AU:LLM) ) just unveiled an announcement.
Loyal Metals Ltd, listed on the ASX under the code LLM, has notified the market of changes to its issued capital structure via a formal cessation of certain securities. The company operates within the broader metals and resources sector, though this notice does not detail its specific projects or commodities.
The company announced that 2,000,000 options with an exercise price of $0.60, expiring on 16 January 2026, have lapsed unexercised, resulting in a reduction of its outstanding options on issue. This expiry marginally simplifies Loyal Metals’ capital structure and removes a potential future source of share dilution, a development of interest to existing shareholders monitoring the company’s equity overhang and funding flexibility.
More about Monger Gold Ltd.
Average Trading Volume: 557,392
Technical Sentiment Signal: Buy
Current Market Cap: A$53.34M
See more insights into LLM stock on TipRanks’ Stock Analysis page.