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True North Copper Director Sees Lapse of 5 Million Options

Story Highlights
  • True North Copper director Paul Cronin has allowed 5,000,000 share options exercisable at A$0.60 to lapse on 31 December 2025.
  • Following the option lapse, Cronin’s holdings consist solely of 3,194,564 fully paid ordinary shares, slightly changing his future equity leverage.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
True North Copper Director Sees Lapse of 5 Million Options

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True North Copper ( (AU:TNC) ) just unveiled an update.

True North Copper Limited has disclosed a change in director Paul Cronin’s interests in the company’s securities. The filing with the ASX shows that 5,000,000 options previously held by Cronin, exercisable at A$0.60 and due to expire on 31 December 2025, have lapsed, leaving him with 3,194,564 fully paid ordinary shares and no remaining options. The change modestly alters the director’s exposure to future equity upside without affecting his existing shareholding, and signals the expiry of a significant block of options previously on issue to a key board member.

The most recent analyst rating on (AU:TNC) stock is a Hold with a A$0.52 price target. To see the full list of analyst forecasts on True North Copper stock, see the AU:TNC Stock Forecast page.

More about True North Copper

Average Trading Volume: 477,804

Technical Sentiment Signal: Sell

Current Market Cap: A$66.24M

Find detailed analytics on TNC stock on TipRanks’ Stock Analysis page.

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