Cleansing Statement for New Shares Issued
Summary
Patriot Resources has issued a total of 3,560,000 ordinary fully paid shares. Of these, 2,560,000 shares were issued at $0.055 per share, while 1,000,000 shares were issued for consultancy services at a deemed price of $0.055 per share. This issuance was approved at the General Meeting on October 9, 2026. The company has lodged an application for the quotation of these shares.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- 3,560,000 new shares issued.
- 2,560,000 shares priced at $0.055 each.
- 1,000,000 shares issued for consultancy services.
- Application for quotation lodged today.
Key Points
- 3,560,000 new shares issued by Patriot Resources.
- 2,560,000 shares issued at $0.055 per share.
- 1,000,000 shares issued for consultancy services.
- Application for share quotation lodged.
- Cleansing statement issued under Corporations Act.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes specific details about share issuance and regulatory compliance, requiring some familiarity with corporate procedures.
Share Price Reaction
Following the announcement, the share price moved from $0.0440 to $0.0450 over five trading days, representing a increased of 2.3%.
- Price at announcement: $0.0440
- 1 day change: -4.55%
- 5 day change: 2.27%
Share price data may be delayed.
Mine Brief summaries are generated from company announcements and are provided for general information only. They are not financial advice. Investors should refer to the original announcements and seek professional advice where appropriate.
