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Scorpion Minerals Director Converts Options to Ordinary Shares

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Scorpion Minerals Director Converts Options to Ordinary Shares

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The latest update is out from Scorpion Minerals Limited ( (AU:SCN) ).

Scorpion Minerals Limited has disclosed a change in the indirect holdings of director Michael Kitney, reflecting an adjustment in his equity position in the company through the Emdale Family account. The director has converted 375,000 unlisted options, exercisable at $0.04 and previously expiring in April 2026, into 375,000 fully paid ordinary shares for a cash consideration of $15,000, increasing his ordinary shareholding to 1,390,000 and eliminating that tranche of options, with no trades having occurred during a closed period.

The most recent analyst rating on (AU:SCN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Scorpion Minerals Limited stock, see the AU:SCN Stock Forecast page.

More about Scorpion Minerals Limited

Average Trading Volume: 1,376,655

Technical Sentiment Signal: Buy

Current Market Cap: A$22.38M

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

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