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Noronex Director Increases Stake Through Private Placement

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Noronex Director Increases Stake Through Private Placement

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Noronex Ltd. ( (AU:NRX) ) has shared an announcement.

Noronex Limited has announced a change in the director’s interest, specifically involving Victor Rajasooriar. The director acquired 7,142,857 fully paid ordinary shares, 20,000,000 unquoted options, and 40,000,000 performance rights through a private placement and issue of incentive securities. This change reflects a significant increase in the director’s stake in the company, potentially impacting the company’s governance and signaling confidence in its future prospects.

More about Noronex Ltd.

Average Trading Volume: 623,555

Technical Sentiment Signal: Sell

Current Market Cap: A$6.7M

For an in-depth examination of NRX stock, go to TipRanks’ Overview page.

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