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Unico Silver Limited Issues 4 Million New Shares

Story Highlights
  • Unico Silver Limited issued 4 million shares after converting options and rights.
  • The issuance was compliant with legal provisions, reflecting strategic capital management.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Unico Silver Limited Issues 4 Million New Shares

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E2 Metals Ltd. ( (AU:USL) ) just unveiled an update.

Unico Silver Limited has announced the issuance of 4,000,000 fully paid ordinary shares as a result of converting unlisted options and performance rights. This move, made without disclosure under Part 6D.2 of the Corporations Act, indicates the company’s compliance with relevant legal provisions and suggests a strategic step in its capital management efforts.

More about E2 Metals Ltd.

Average Trading Volume: 3,195,188

Technical Sentiment Signal: Buy

Current Market Cap: A$255.2M

For a thorough assessment of USL stock, go to TipRanks’ Stock Analysis page.

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