Patriot Resources Issues Unquoted Options for Director Appointment

2026-03-26 Moderate Detail

Summary

Patriot Resources Limited has announced the issuance of 2,000,000 unquoted options as part of an agreement for the appointment of a non-executive director. These options have an exercise price of AUD 0.08 and will expire on March 25, 2029. The issuance was made using the company's 15% placement capacity under ASX listing rule 7.1, without requiring security holder approval.

Investor Highlights

Extracted from the company announcement. This is not financial advice.

  • 2,000,000 unquoted options issued.
  • Exercise price set at AUD 0.08.
  • Options expire on March 25, 2029.
  • Issued under 15% placement capacity.
  • No security holder approval required.

Key Points

  • 2,000,000 unquoted options issued for director appointment.
  • Options have an exercise price of AUD 0.08, expiring March 25, 2029.
  • Issued under 15% placement capacity without security holder approval.

Key Changes Since Last Announcement

No direct comparison available from recent announcements.

Readability

Moderate Detail — The announcement includes specific details about the issuance of options and their terms.

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.