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M3 Mining Cuts Potential Dilution as Performance Rights Lapse and Options Expire

Story Highlights
  • M3 Mining reported the lapse of 4.25 million 2024 performance rights after conditions were not met.
  • A total of 7 million options expiring in December 2025 at $0.189 lapsed unexercised, reducing potential dilution.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
M3 Mining Cuts Potential Dilution as Performance Rights Lapse and Options Expire

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The latest update is out from M3 Mining Ltd. ( (AU:M3M) ).

M3 Mining Limited has notified the market of changes to its capital structure following the lapse and expiry of certain equity-linked securities. The company reported that 4.25 million 2024 performance rights have lapsed because the conditions attached to them were not met or have become incapable of being satisfied, while a total of 7 million options expiring on 19 December 2025 at an exercise price of $0.189 expired unexercised, resulting in a reduction of potential future share dilution for existing shareholders.

The most recent analyst rating on (AU:M3M) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on M3 Mining Ltd. stock, see the AU:M3M Stock Forecast page.

More about M3 Mining Ltd.

Average Trading Volume: 329,710

Technical Sentiment Signal: Sell

Current Market Cap: A$7.93M

See more data about M3M stock on TipRanks’ Stock Analysis page.

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