Orosur Mining Inc Announces Exercise of Warrants
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Orosur Mining Inc. has announced the exercise of warrants, resulting in the issuance of 699,640 new common shares at an exercise price of US$0.0494 each, raising a total of US$34,562. These shares will be admitted to trading on AIM.
December 24, 2024 | 7:15 am
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Orosur Mining Inc. has issued 699,640 new shares following the exercise of warrants, raising US$34,562. These shares will be admitted to trading on AIM.
The issuance of new shares following the exercise of warrants is a common equity action that can lead to a slight dilution of existing shares. However, the amount raised is relatively small, suggesting a neutral short-term impact on the stock price.
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