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Vertex Minerals Ltd. ( (AU:VTX) ) has issued an update.
Vertex Minerals Limited has issued 1,155,000 new fully paid ordinary shares at $0.17 per share following the conversion of loan funds from a financing arrangement announced in December 2024. This move is part of the company’s strategic financial management to support its operations and growth, particularly in its gold mining projects. The issuance of new shares, without the need for disclosure under the Corporations Act, indicates Vertex’s compliance with regulatory requirements and its proactive approach to maintaining financial health, which may positively impact its market positioning and stakeholder confidence.
More about Vertex Minerals Ltd.
Vertex Minerals Limited (ASX: VTX) is an Australian-based gold mining and exploration company focused on developing its advanced Hill End gold projects in the Eastern Lachlan Fold Belt of Central West NSW. The company also owns the Pride of Elvire gold project and Taylor Rock gold/nickel/lithium project in the Eastern Goldfields of WA. Vertex Minerals aims to advance commercial gold production from its NSW projects with an emphasis on ethical and environmentally sustainable practices.
Average Trading Volume: 550,900
Technical Sentiment Signal: Buy
Current Market Cap: A$42.08M
Learn more about VTX stock on TipRanks’ Stock Analysis page.