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The latest announcement is out from Echo Energy ( (GB:NTVO) ).
Nativo Resources Plc has announced the conversion of £87,500 worth of convertible loan notes into 45,057,357 new ordinary shares, which will be admitted to trading on AIM. This conversion increases the company’s total voting rights to 164,493,734 shares, potentially impacting shareholder interests and company operations by expanding its equity base.
More about Echo Energy
Nativo Resources Plc is involved in gold mining and exploration projects in Peru. The company has a 50:50 joint venture with a local partner, Boku, at the Tesoro Gold Concession, and has begun production and sales of ore to a local processing plant. Nativo plans to establish its own processing plant for higher margins and has acquired a 100% interest in the Morrocota Gold Mine. They are also exploring opportunities to recover gold and silver from tailings in the Ancash region.
Average Trading Volume: 10,233,062
Technical Sentiment Signal: Strong Sell
Current Market Cap: £300.3K
Find detailed analytics on NTVO stock on TipRanks’ Stock Analysis page.