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West Wits Mining Issues New Shares on Convertible Note Conversion

Story Highlights
  • West Wits Mining issued 2.5 million new shares after converting two convertible notes.
  • The company affirmed regulatory compliance and no withheld material information for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
West Wits Mining Issues New Shares on Convertible Note Conversion

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An update from West Wits Mining Limited ( (AU:WWI) ) is now available.

West Wits Mining has issued 2,500,000 fully paid ordinary shares following the conversion of two convertible notes, expanding its share capital without providing a prospectus-style disclosure to investors under Part 6D.2 of the Corporations Act. The company confirmed it remains compliant with key financial reporting and continuous disclosure obligations, and stated there is no excluded information, signalling that regulators and investors have access to all material information regarding this share issue.

The most recent analyst rating on (AU:WWI) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on West Wits Mining Limited stock, see the AU:WWI Stock Forecast page.

More about West Wits Mining Limited

West Wits Mining Limited is an ASX-listed resources company, trading under the ticker WWI. The company operates in the mining sector and issues fully paid ordinary shares as part of its capital management and financing activities on the Australian market.

Average Trading Volume: 22,426,400

Technical Sentiment Signal: Buy

Current Market Cap: A$337.5M

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

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