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Red Mountain Mining Ltd ( (AU:RMX) ) has shared an update.
Red Mountain Mining Ltd has announced the issuance of 12,620,545 fully paid ordinary shares through the conversion of convertible notes. These shares were issued without disclosure to investors under section 708A(5) of the Corporations Act 2001. This move allows the company to facilitate the secondary trading of these shares under the exemption provided by the Act, thereby potentially enhancing liquidity and investor engagement.
More about Red Mountain Mining Ltd
Average Trading Volume: 13,778,595
Technical Sentiment Signal: Sell
Current Market Cap: A$5.95M
For detailed information about RMX stock, go to TipRanks’ Stock Analysis page.