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An announcement from Echo Energy ( (GB:NTVO) ) is now available.
Nativo Resources plc has issued 7,443,304 shares to a former director to settle outstanding deferred salaries and fees. These shares, priced at a 29.4% premium to the company’s recent closing share price, will be admitted to trading on AIM. This move adjusts the company’s total voting rights to 572,520,685 shares, allowing shareholders to calculate changes in their interests. This issuance reflects Nativo’s ongoing financial strategies and impacts its market positioning by addressing past financial obligations while maintaining shareholder transparency.
More about Echo Energy
Nativo Resources plc is a gold-focused mining company with interests in Peru. The company’s strategy revolves around primary gold mining, gold ore processing, and the recovery of gold from tailings. Nativo has acquired or optioned several projects for development and aims to expand further. The company plans to scale operations on the Tesoro Gold Concession, focusing on the Bonanza and Morrocota mines, and intends to use portions of its free cash flow and future fundraises to purchase Bitcoin as a long-term treasury reserve asset.
Average Trading Volume: 21,760,214
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.92M
For an in-depth examination of NTVO stock, go to TipRanks’ Overview page.