Patriot Resources Plans to Issue New Shares

2026-04-09 Moderate Detail

Summary

Patriot Resources Limited has announced a proposed issue of 18,680,000 ordinary fully paid shares. This includes a placement of 10,000,000 shares at AUD 0.05 each to raise AUD 500,000, and an issue of 8,680,000 shares as consideration for digital investor relations services valued at AUD 412,500. The proposed issue date is May 8, 2026, and some shares will be subject to voluntary escrow.

Investor Highlights

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

  • 10,000,000 shares to be issued at AUD 0.05 each.
  • 8,680,000 shares issued for digital investor relations services.
  • Total value of service-related shares is AUD 412,500.
  • Proposed issue date is May 8, 2026.
  • 2,604,000 shares under 18-month escrow, 4,340,000 under 24-month escrow.

Key Points

  • Proposed issue of 18,680,000 shares.
  • 10,000,000 shares issued at AUD 0.05 each.
  • 8,680,000 shares issued for services valued at AUD 412,500.
  • Issue date set for May 8, 2026.
  • Some shares subject to voluntary escrow.

Key Changes Since Last Announcement

No direct comparison available from recent announcements.

Readability

Moderate Detail — The announcement includes specific financial details and terms that require moderate financial literacy.

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.