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An update from Mount Burgess Mining N.L. ( (AU:MTB) ) is now available.
Mount Burgess Mining NL has issued 86,413,282 fully paid ordinary shares following shareholder approval to settle loans with a director and former directors. This move allows the company to convert debt into equity, potentially enhancing its financial stability and enabling these shares to be sold to retail investors without further disclosure.
More about Mount Burgess Mining N.L.
Mount Burgess Mining NL operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects that aim to extract valuable minerals, contributing to the supply chain of raw materials for various industrial applications.
Average Trading Volume: 6,687,440
Technical Sentiment Signal: Sell
Current Market Cap: A$6.81M
For detailed information about MTB stock, go to TipRanks’ Stock Analysis page.