Metro Mining Limited (AU:MMI) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Metro Mining Limited has issued over 13 million new ordinary shares to Lambhill Pty Ltd and Balanced Property Pty Ltd under a Warrant Subscription Agreement. This share issuance, valued at approximately A$329,219, reflects the conversion of Tranche 2 Subscription Warrants with each warrant priced at $0.02502. This move underscores Metro’s ongoing financial activities as it continues its operations in the bauxite mining sector.
For further insights into AU:MMI stock, check out TipRanks’ Stock Analysis page.