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Mantle Minerals Receives Significant Convertible Notes Conversion

Story Highlights
  • Mantle Minerals has received conversion notices for over 51% of its convertible notes.
  • Shareholder approval is needed for conversion into shares, with a meeting set for September 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mantle Minerals Receives Significant Convertible Notes Conversion

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An update from Caeneus Minerals Limited ( (AU:MTL) ) is now available.

Mantle Minerals Limited, a company listed on the ASX, has announced that it has received conversion notices for over 51% of its convertible notes, amounting to $742,000 in principal. This conversion is contingent upon shareholder approval, with a meeting scheduled for September 2025. If approved, the notes will be converted into fully paid ordinary shares at a conversion price of $0.001 per share, with additional options issued. Failure to secure approval will necessitate repayment in cash.

More about Caeneus Minerals Limited

Current Market Cap: A$6.2M

For an in-depth examination of MTL stock, go to TipRanks’ Overview page.

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