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Mount Ridley Mines Announces Director’s Interest Change Following Capital Consolidation

Story Highlights
  • Mount Ridley Mines Limited announced a change in director Cameron Clifton’s interests.
  • The change results from a capital consolidation, reducing Clifton’s holdings significantly.
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An update from Mount Ridley Mines Limited ( (AU:MRD) ) is now available.

Mount Ridley Mines Limited has announced a change in the interests of its director, Cameron Clifton, due to a consolidation of capital. This change, effective from December 30, 2024, was approved at a general meeting held on December 13, 2024. As a result of this consolidation, Mr. Clifton’s holdings have been reduced from 20,000,000 to 2,000,000 fully paid ordinary shares and from 5,000,000 to 500,000 unlisted options. This adjustment reflects a strategic move by the company to consolidate its capital structure, which could have implications for shareholder value and market perception.

More about Mount Ridley Mines Limited

Current Market Cap: A$2.34M

See more data about MRD stock on TipRanks’ Stock Analysis page.

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