An update from Vertex Minerals Ltd. ( (AU:VTX) ) is now available.
Vertex Minerals Limited has issued 1,042,941 new fully paid ordinary shares at $0.17 per share following the conversion of loan funds from previous financing rounds. This move, approved by the board, reflects the company’s ongoing efforts to strengthen its financial position and support its gold mining projects. The issuance of new shares without disclosure under the Corporations Act suggests confidence in its compliance with regulatory obligations, potentially enhancing its market positioning and stakeholder trust.
More about Vertex Minerals Ltd.
Vertex Minerals Limited (ASX: VTX) is an Australian-based gold mining and exploration company focused on developing its advanced Hill End gold projects in the Eastern Lachlan Fold Belt of Central West NSW. The company also owns the Pride of Elvire gold project and Taylor Rock gold/nickel/lithium project in the Eastern Goldfields of WA. Vertex Minerals aims to advance commercial gold production with an ethical and environmentally sustainable approach, emphasizing low capital and operating costs, minimal waste, and no chemical usage.
YTD Price Performance: 26.19%
Average Trading Volume: 680,396
Technical Sentiment Signal: Sell
Current Market Cap: A$50.4M
See more data about VTX stock on TipRanks’ Stock Analysis page.