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The latest update is out from Many Peaks Gold Ltd. ( (AU:MPK) ).
Many Peaks Minerals Limited has issued 1,000,000 fully paid ordinary shares to Managing Director Travis Schwertfeger following the exercise of 1,000,000 unquoted options, split evenly between options exercisable at $0.25 and $0.30 per share before 31 December 2025. To facilitate the option exercise before expiry, the board (with Schwertfeger abstaining) approved a limited recourse loan of $275,000 at 4.18% interest to the beneficial option holders, repayable within two to three years and secured only against proceeds from any disposal of the shares, a move the board says strengthens management’s equity alignment with shareholders over the longer term.
The most recent analyst rating on (AU:MPK) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on Many Peaks Gold Ltd. stock, see the AU:MPK Stock Forecast page.
More about Many Peaks Gold Ltd.
Many Peaks Minerals Limited is an Australia-based resources company listed on the ASX that focuses on mineral exploration and development. The company is led by Managing Director Travis Schwertfeger and aims to grow shareholder value through advancing its portfolio of mineral assets.
Average Trading Volume: 264,512
Technical Sentiment Signal: Buy
Current Market Cap: A$112.3M
See more insights into MPK stock on TipRanks’ Stock Analysis page.