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Echo Energy ( (GB:NTVO) ) has shared an announcement.
Nativo Resources plc has issued 5,544,118 share options and 1,230,120 warrants to its executive directors as part of their remuneration package. This move aims to conserve cash and align the interests of executives with shareholders. The issuance of these options and warrants, treated as related party transactions, was deemed fair and reasonable by the independent director, with the aim of incentivizing share ownership and addressing unpaid salaries or fees.
More about Echo Energy
Nativo Resources plc is involved in gold mining and exploration projects in Peru. The company operates through a 50:50 joint venture with a local partner, Boku, focusing on the Tesoro Gold Concession. Nativo began production and sales of ore in December 2024 and plans to establish its own processing plant to increase margins. The company also acquired a 100% interest in the Morrocota Gold Mine and is exploring opportunities to recover gold and silver from regional tailings.
Average Trading Volume: 4,161,234
Technical Sentiment Signal: Strong Sell
Current Market Cap: £438.9K
Find detailed analytics on NTVO stock on TipRanks’ Stock Analysis page.