Vertex Minerals Ltd. ( (AU:VTX) ) just unveiled an announcement.
Vertex Minerals Limited has issued 2,038,235 new fully paid ordinary shares at $0.17 each, converting loan funds from a previous financing arrangement. This move, approved by the Board, aligns with the company’s strategy to enhance its financial position and advance its gold projects, potentially strengthening its market position and providing value to stakeholders.
More about Vertex Minerals Ltd.
Vertex Minerals Limited (ASX: VTX) is an Australian-based gold mining and exploration company focused on developing its Hill End gold projects in the Eastern Lachlan Fold Belt of Central West NSW. The company also holds the Pride of Elvire gold project and Taylor Rock gold/nickel/lithium project in the Eastern Goldfields of WA. Vertex emphasizes ethical and environmentally sustainable practices, including low capex and operating costs, minimal water usage, and no chemical use.
YTD Price Performance: 30.95%
Average Trading Volume: 678,188
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$51.74M
Learn more about VTX stock on TipRanks’ Stock Analysis page.