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Taruga Minerals Issues New Shares Following Option Conversion

Story Highlights
  • Taruga Minerals converted 350,690 unquoted options into fully paid ordinary shares at $0.015 each.
  • The company confirmed Corporations Act compliance and no undisclosed material information for investors.
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Taruga Minerals Issues New Shares Following Option Conversion

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The latest announcement is out from Taruga Minerals Limited ( (AU:TAR) ).

Taruga Minerals Limited has issued 350,690 fully paid ordinary shares following the conversion of an equivalent number of unquoted options at an exercise price of $0.015 per share, expanding its share capital via an options conversion rather than a new capital raising. The company confirmed the shares were issued without a disclosure document under the Corporations Act, stated it remains compliant with its continuous disclosure and financial reporting obligations, and advised there is no excluded information requiring disclosure, signalling regulatory compliance and transparency for existing and potential investors.

More about Taruga Minerals Limited

Taruga Minerals Limited is an Australian-listed exploration and mining company operating in the resources sector, with its securities traded on the ASX under the code TAR. The company is engaged in mineral exploration and development activities, seeking to advance its resource projects and create value for shareholders in the mining and metals industry.

Average Trading Volume: 5,393,262

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$18.63M

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

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