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The latest update is out from Mount Ridley Mines Limited ( (AU:MRD) ).
Mount Ridley Mines Limited has corrected an administrative error in a recent share issue notice related to the conversion of unlisted options. The company clarified that 250,000 new shares issued from the exercise of 1 cent unlisted options were priced at $0.01 per share, not $0.001 as previously disclosed, while confirming that all other details of the original filing remain unchanged.
The amendment removes a discrepancy between the stated issue price and the options’ exercise price, ensuring accurate reporting of the equity issuance to the market. This clarification helps maintain transparency for investors and other stakeholders regarding the terms of the share issue and the integrity of the company’s capital management disclosures.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited is an Australian resources company listed on the ASX under the ticker MRD. The company is involved in mineral exploration and related mining activities, operating projects that are part of Western Australia’s broader mining and exploration sector.
Average Trading Volume: 6,095,288
Technical Sentiment Signal: Sell
Current Market Cap: A$42.49M
Find detailed analytics on MRD stock on TipRanks’ Stock Analysis page.