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Ore Resources Director Reshapes Holding, Swaps Performance Rights for Ordinary Shares

Story Highlights
  • Ore Resources Limited operates as an Australian-listed mineral exploration and development company.
  • Director Neville Power converted 2.5 million performance rights into ordinary shares, altering his equity exposure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ore Resources Director Reshapes Holding, Swaps Performance Rights for Ordinary Shares

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The latest update is out from Auroch Minerals Ltd. ( (AU:OR3) ).

Ore Resources Limited has reported a change in the indirect interests of director Neville Power, reflecting adjustments in his holdings through entities in which he has a beneficial interest. The transaction involved the acquisition of 2,500,000 fully paid ordinary shares and the disposal of an equivalent 2,500,000 performance rights at nil consideration, effectively converting a portion of his performance-based exposure into ordinary equity and modestly reshaping his incentive and ownership structure in the company.

More about Auroch Minerals Ltd.

Ore Resources Limited is an Australian-listed resources company focused on mineral exploration and development. Its activities centre on identifying, acquiring and advancing resource projects, positioning the company within the broader mining and exploration sector on the ASX.

Average Trading Volume: 1,909,368

Technical Sentiment Signal: Hold

Current Market Cap: A$42.53M

For detailed information about OR3 stock, go to TipRanks’ Stock Analysis page.

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