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Red Mountain Mining Ltd ( (AU:RMX) ) has shared an update.
Red Mountain Mining Ltd has issued 14,717,539 fully paid ordinary shares through the conversion of convertible notes, without disclosure to investors under section 708A(5) of the Corporations Act 2001. This issuance allows for the secondary trading of these shares under certain exemptions, potentially impacting the company’s liquidity and market positioning.
More about Red Mountain Mining Ltd
Red Mountain Mining Ltd is an Australia and Canada-based company specializing in the exploration of gold and battery metals.
YTD Price Performance: -20.0%
Average Trading Volume: 5,910,543
Technical Sentiment Signal: Sell
Current Market Cap: A$4.64M
See more insights into RMX stock on TipRanks’ Stock Analysis page.