West Wits Mining Limited ( (AU:WWI) ) has provided an announcement.
West Wits Mining Limited, a company listed on the Australian Securities Exchange, has announced the issuance of 6,147,540 fully paid ordinary shares as a result of converting three convertible notes. The shares were issued without a disclosure to investors, in compliance with the Corporations Act. This strategic move, authorized by the Chairman, suggests a potential strengthening of the company’s capital structure, though it may also raise concerns about shareholder dilution. The company has confirmed compliance with relevant legislative requirements, indicating a commitment to transparency and regulatory adherence.
More about West Wits Mining Limited
YTD Price Performance: 60.0%
Average Trading Volume: 2,582,815
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$40.68M
See more data about WWI stock on TipRanks’ Stock Analysis page.