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Odessa Minerals Limited ( (AU:ODE) ) has issued an update.
Odessa Minerals Limited has notified the market that a total of 8,000,000 listed options have lapsed unexercised following their expiry on 28 April 2026. The expired securities comprise three series of options with exercise prices of $0.02, $0.03 and $0.05, and their cessation marginally simplifies the company’s capital structure but does not involve any new capital inflow or operational change.
The notification, lodged as an Appendix 3H, confirms that these options expired without being converted into shares and therefore ceased to exist as part of the company’s quoted securities. While the event is largely administrative, it slightly reduces potential future dilution for existing shareholders and clarifies the volume of outstanding convertible securities on issue.
More about Odessa Minerals Limited
Odessa Minerals Limited is an Australia-listed mining company focused on mineral exploration and development. Its securities trade on the ASX under the code ODE, and its capital structure includes various classes of options in addition to ordinary shares.
Average Trading Volume: 2,647,494
Technical Sentiment Signal: Hold
Current Market Cap: A$41.45M
Learn more about ODE stock on TipRanks’ Stock Analysis page.