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Vertex Minerals Issues New Shares Following Loan Conversion

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Vertex Minerals Issues New Shares Following Loan Conversion

The latest announcement is out from Vertex Minerals Ltd. ( (AU:VTX) ).

Vertex Minerals Limited has announced the issuance of 4,999,999 new fully paid ordinary shares at $0.17 per share, following the conversion of loan funds previously advanced to the company. This move, lodged with an ASX Appendix 2A application for quotation, reflects Vertex’s ongoing financial strategies and compliance with relevant provisions of the Corporations Act, indicating a structured approach to managing its capital and regulatory obligations.

More about Vertex Minerals Ltd.

YTD Price Performance: 69.05%

Average Trading Volume: 707,500

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$65.01M

For an in-depth examination of VTX stock, go to TipRanks’ Stock Analysis page.

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