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Vertex Minerals Ltd. ( (AU:VTX) ) has shared an update.
Vertex Minerals Ltd has announced breaches of ASX Listing Rules 7.1 and 7.1A due to the issuance of shares for non-cash consideration related to convertible loan facilities. The company exceeded its placement capacity, leading to restrictions on issuing equity securities without shareholder approval until January 2026. Vertex has implemented measures to prevent future breaches, including reminders to officers and seeking external advice.
More about Vertex Minerals Ltd.
Vertex Minerals Ltd operates in the mining industry, focusing on mineral exploration and development. The company is primarily involved in the extraction and processing of minerals, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 558,731
Technical Sentiment Signal: Buy
Current Market Cap: A$45.9M
Find detailed analytics on VTX stock on TipRanks’ Stock Analysis page.