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Red Mountain Mining Ltd ( (AU:RMX) ) has provided an announcement.
Red Mountain Mining Ltd has announced the issuance of 26,744,500 fully paid ordinary shares through the conversion of Class C Performance Rights and options. This move, executed without disclosure to investors under specific provisions of the Corporations Act, reflects the company’s compliance with regulatory requirements and indicates a strategic financial maneuver to potentially enhance liquidity and shareholder value.
More about Red Mountain Mining Ltd
YTD Price Performance: 230.0%
Average Trading Volume: 44,277,731
Technical Sentiment Signal: Sell
Current Market Cap: A$22.48M
Learn more about RMX stock on TipRanks’ Stock Analysis page.