Noronex Director Increases Stake Through Private Placement
Noronex Ltd. has announced that director Victor Rajasooriar has increased his stake in the company by acquiring 7,142,857 fully paid ordinary shares, 20,000,000 unquoted options, and 40,000,000 performance rights through a private placement. This significant increase in ownership may influence the company's governance and indicates confidence in its future prospects. The current market cap of Noronex is A$6.7M, with an average trading volume of 623,555 shares.
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Noronex Ltd. ( (AU:NRX) ) has shared an announcement.
Noronex Limited has announced a change in the director’s interest, specifically involving Victor Rajasooriar. The director acquired 7,142,857 fully paid ordinary shares, 20,000,000 unquoted options, and 40,000,000 performance rights through a private placement and issue of incentive securities. This change reflects a significant increase in the director’s stake in the company, potentially impacting the company’s governance and signaling confidence in its future prospects.
More about Noronex Ltd.
Average Trading Volume: 623,555
Technical Sentiment Signal: Sell
Current Market Cap: A$6.7M
For an in-depth examination of NRX stock, go to TipRanks’ Overview page.
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