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Castillo Copper Ltd. ( (AU:NFM) ) has provided an announcement.
New Frontier Minerals Limited has notified the market of the issue of 53,571,430 unquoted, free-attaching options with an exercise price of A$0.04 and an expiry date of 31 January 2028. The issuance of these unlisted options, which are not intended to be quoted on the ASX, forms part of previously announced transactions and represents a potentially significant source of future equity capital, with implications for existing shareholders through prospective dilution if the options are exercised.
More about Castillo Copper Ltd.
New Frontier Minerals Limited is an Australian-listed resources company operating in the minerals exploration and mining sector, with its securities traded on the ASX under the code NFM.
Average Trading Volume: 2,849,589
Technical Sentiment Signal: Hold
Current Market Cap: A$34.37M
For a thorough assessment of NFM stock, go to TipRanks’ Stock Analysis page.