Future Metals NL (AU:FME) has released an update.
Future Metals NL, a mining firm, has announced the application for quotation of 2.5 million ordinary fully paid shares on the ASX, under the ticker FME. These shares, issued on June 28, 2024, are compensation for a former director’s fees, as approved by shareholders at the June 25 general meeting. The move indicates a strategic initiative by the company to settle outstanding director fees through equity rather than cash.
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