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Cannindah Resources Director Increases Stake Through Entitlement Issue

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Cannindah Resources Director Increases Stake Through Entitlement Issue

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Cannindah Resources Limited ( (AU:CAE) ) has issued an announcement.

Cannindah Resources Limited has announced a change in the director’s interest, with John Morrison acquiring 13,333,333 fully paid ordinary shares and 6,666,667 options exercisable at $0.04, expiring on 29 September 2028. This acquisition was part of a sub-underwriting entitlement issue, reflecting the company’s ongoing efforts to strengthen its financial position and enhance shareholder value.

More about Cannindah Resources Limited

Cannindah Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in identifying and developing mining projects with a market focus on mineral exploration and extraction.

Average Trading Volume: 905,729

Technical Sentiment Signal: Sell

Current Market Cap: A$40.23M

For an in-depth examination of CAE stock, go to TipRanks’ Overview page.

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