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The latest update is out from Red Mountain Mining Ltd ( (AU:RMX) ).
Red Mountain Mining Ltd (ASX: RMX) has issued 74,923,077 fully paid ordinary shares to sophisticated and professional investors, as well as shares from the conversion of performance rights. This issuance was conducted without disclosure to investors under section 708A(5)(e) of the Corporations Act 2001. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information requiring disclosure. This strategic move is likely aimed at strengthening the company’s financial position and enhancing its market operations.
More about Red Mountain Mining Ltd
YTD Price Performance: 140.0%
Average Trading Volume: 26,411,517
Technical Sentiment Signal: Sell
Current Market Cap: A$22.52M
Learn more about RMX stock on TipRanks’ Stock Analysis page.