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The latest announcement is out from Magnum Mining and Exploration Limited ( (AU:MGU) ).
Magnum Mining and Exploration Limited has notified the market that it has issued 75 million unquoted performance rights, a new class of unlisted equity securities, under its ASX code MGU. The issuance of these performance rights, which are not intended to be quoted on the ASX, signals a significant expansion of the company’s unquoted equity base and may form part of its broader capital management or incentive structures, with potential implications for future dilution and alignment of management or stakeholder interests depending on how the rights vest and are ultimately exercised.
More about Magnum Mining and Exploration Limited
Average Trading Volume: 19,059,728
Technical Sentiment Signal: Sell
Current Market Cap: A$15.42M
For a thorough assessment of MGU stock, go to TipRanks’ Stock Analysis page.