Lumine Group Finalizes Share Conversion Process

Lumine Group Inc (TSE:LMN) has released an update.

Lumine Group Inc. has successfully completed the conversion of all its preferred and special shares into subordinate voting shares, issuing a total of 189,114,308 new shares. Shareholders of the converted shares also received an additional 3,515,418 shares as accrued dividends, valued at approximately US$87 million. This corporate move follows Lumine Group’s transition into a standalone public entity last year and has been conditionally approved for listing on the TSX Venture Exchange.

For further insights into TSE:LMN stock, check out TipRanks’ Stock Analysis page.