Issues Cleansing Statement for New Shares
Summary
Patriot Resources has issued a cleansing statement for 51,985,455 ordinary fully paid shares priced at $0.055 each. The application for quotation of these shares was lodged with the ASX. The statement confirms compliance with relevant sections of the Corporations Act and assures that no undisclosed information would affect investors' assessments.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- General Meeting set for October 9, 2026, in Subiaco, WA.
- Ratification of 51,985,455 shares issued under prior placement.
- Approval sought for issuing 2,560,000 shares to Hugh Warner.
- Approval sought for issuing 1,000,000 shares to Christopher Banda.
Key Points
- 51,985,455 new shares issued at $0.055 per share.
- Application for ASX quotation lodged.
- Cleansing statement confirms compliance with Corporations Act.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes detailed resolutions and voting instructions, requiring moderate understanding of corporate governance.
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.
