tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Vertex Minerals Converts Loan into Equity with New Share Issuance

Story Highlights
Vertex Minerals Converts Loan into Equity with New Share Issuance

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Vertex Minerals Ltd. ( (AU:VTX) ) has issued an announcement.

Vertex Minerals Limited has issued 15,191,877 new fully paid ordinary shares as part of a loan conversion process, with shares priced at A$0.17 and A$0.21. This move is part of the company’s compliance with the Corporations Act, indicating its adherence to regulatory requirements and potentially strengthening its financial position by converting debt into equity.

More about Vertex Minerals Ltd.

Average Trading Volume: 822,265

Technical Sentiment Signal: Buy

Current Market Cap: A$53.28M

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1