Application for Quotation of New Securities
Summary
Patriot Resources Limited has applied for the quotation of 51,985,455 ordinary fully paid shares on the ASX. These shares were issued as part of a previously announced transaction detailed in an Appendix 3B. The issue price per share is AUD 0.055. The total issued capital following this quotation will be 345,161,594 shares. Further issues of securities, including options, are planned to complete the transaction.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- 6,750,000 unquoted options issued.
- Options expire on August 26, 2029.
- Exercise price is AUD 0.0825.
Key Points
- Application for quotation of 51,985,455 new shares.
- Shares issued at AUD 0.055 each.
- Total issued capital will be 345,161,594 shares.
- Further securities issues planned, including options.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement contains specific financial details and terms related to securities issuance.
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.
