Southern Gold Director Increases Equity Exposure in IONDRIVE via Options and Share Placement

Southern Gold Limited ( (AU:ION) ) has shared an announcement.

Southern Gold Limited has disclosed a change in director Hugo Schumann’s holdings in IONDRIVE Limited, reflecting updated interests in both ordinary shares and unlisted options in accordance with ASX listing rules. Following shareholder approval on 22 January 2026, Schumann was issued 6 million new unlisted options, exercisable at $0.067 and expiring in February 2030, as part of a retention and incentive package for directors, and subscribed for 227,272 ordinary shares at $0.044 per share via a placement on the same terms as other investors, modestly increasing his equity exposure and aligning his interests more closely with shareholders.

The most recent analyst rating on (AU:ION) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Southern Gold Limited stock, see the AU:ION Stock Forecast page.

More about Southern Gold Limited

Average Trading Volume: 2,003,099

Technical Sentiment Signal: Buy

Current Market Cap: A$55.02M

For an in-depth examination of ION stock, go to TipRanks’ Overview page.