Cyclone Metals Ltd (AU:CLE) has released an update.
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Cyclone Metals Ltd has announced a significant increase in the indirect securities holdings of Director Antony Sage, acquiring over 30 million fully paid ordinary shares through a rights issue. This development reflects a strategic move to strengthen his stake in the company, potentially signaling confidence in Cyclone Metals’ future prospects.
For further insights into AU:CLE stock, check out TipRanks’ Stock Analysis page.