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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) just unveiled an update.
Native Mineral Resources Holdings Ltd. announced a change in the director’s interest notice for its Managing Director and CEO, Blake Cannavo. The change reflects an off-market sale of shares by Mr. Cannavo to fulfill a personal guarantee related to the company’s financing arrangement with Collins St Convertible Notes Pty Ltd for the acquisition of the Charters Towers Gold Project. This transaction reduces the company’s financing facility by $3 million, with no liability for the company to compensate Mr. Cannavo, potentially strengthening its financial position.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the acquisition and management of gold projects, with a market focus on expanding its mineral resource portfolio.
Average Trading Volume: 2,378,919
Technical Sentiment Signal: Buy
Current Market Cap: A$188.3M
See more data about NMR stock on TipRanks’ Stock Analysis page.