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Red Mountain Mining Ltd Issues New Shares for Secondary Trading

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Red Mountain Mining Ltd Issues New Shares for Secondary Trading

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Red Mountain Mining Ltd ( (AU:RMX) ) has shared an announcement.

Red Mountain Mining Ltd has issued 11,531,716 fully paid ordinary shares through the conversion of convertible notes, without disclosure to investors, under the Corporations Act 2001. This issuance allows for secondary trading of these shares under certain exemptions, potentially impacting the company’s liquidity and market activity.

More about Red Mountain Mining Ltd

Red Mountain Mining Ltd is an Australia and Canada-based company focused on exploring gold and battery metals.

YTD Price Performance: -20.0%

Average Trading Volume: 5,910,543

Technical Sentiment Signal: Sell

Current Market Cap: A$4.66M

Learn more about RMX stock on TipRanks’ Stock Analysis page.

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