Noronex Director Increases Stake Through Private Placement
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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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