Cleansing Statement for New Shares Issued
Summary
Patriot Resources has issued 51,985,455 ordinary fully paid shares at $0.055 per share. The company lodged an application for the quotation of these shares via an Appendix 2A. This cleansing statement is in accordance with Section 708A(6) of the Corporations Act 2001, indicating the shares were issued without disclosure to investors under Part 6D.2 of the Act. The company confirms compliance with relevant provisions of the Corporations Act and states no additional information is required for investors to assess the company's financial position or the rights attached to the shares.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- 51,985,455 shares issued at $0.055 per share.
- Application for share quotation lodged.
- Compliance with Corporations Act confirmed.
Key Points
- 51,985,455 ordinary shares issued at $0.055 each.
- Application for quotation lodged via Appendix 2A.
- Cleansing statement issued under Section 708A(6) of the Corporations Act.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes specific legal and regulatory references that require some familiarity with corporate compliance.
Share Price Reaction
Following the announcement, the share price moved from $0.0550 to $0.0490 over five trading days, representing a decreased of 10.9%.
- Price at announcement: $0.0550
- 1 day change: 0.00%
- 5 day change: -10.91%
- 30 day change: -9.09%
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.
