Advance Metals Seeks ASX Quotation for 7.8 Million New Shares

An announcement from Pacific American Holdings Ltd. ( (AU:AVM) ) is now available.

Advance Metals Limited has applied to the ASX for quotation of 7,819,723 ordinary fully paid shares following the exercise of previously issued options. The shares, issued on March 12, 2026, formalise earlier option exercises and will expand the company’s quoted capital base, modestly increasing liquidity and broadening its tradable share pool for investors.

The move follows prior disclosure of the option exercises on an Appendix 3G and now transitions those instruments into quoted equity on market. While the announcement is administrative in nature, it confirms the completion of this capital issuance process and provides clarity to shareholders about the updated number of listed AVM securities.

The most recent analyst rating on (AU:AVM) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacific American Holdings Ltd. stock, see the AU:AVM Stock Forecast page.

More about Pacific American Holdings Ltd.

Advance Metals Limited is an ASX-listed company operating in the resources sector, with its ordinary fully paid shares traded under the ticker AVM. The company raises capital and manages its investor base through listed equity securities, including options that can be converted into ordinary shares on the Australian Securities Exchange.

Average Trading Volume: 6,006,023

Technical Sentiment Signal: Sell

Current Market Cap: A$42.39M

For an in-depth examination of AVM stock, go to TipRanks’ Overview page.