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NickelSearch Ltd. ( (AU:AM5) ) has issued an update.
Antares Metals has issued a cleansing statement under section 708A(5)(e) of the Corporations Act following the allotment of 125,036,776 fully paid ordinary shares to Tranche 2 placement participants and 87,500,000 fully paid ordinary shares to vendors as consideration for acquiring the Quinns and Katanning gold and copper projects. The company confirmed that these new shares were issued without a disclosure document, that it remains compliant with its continuous disclosure and financial reporting obligations, and that there is no excluded information requiring disclosure, thereby ensuring the newly issued securities can be freely tradeable and reinforcing regulatory transparency for investors.
The most recent analyst rating on (AU:AM5) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on NickelSearch Ltd. stock, see the AU:AM5 Stock Forecast page.
More about NickelSearch Ltd.
Antares Metals Ltd is an ASX-listed resources company focused on gold and copper exploration and project acquisition, with interests including the Quinns and Katanning gold and copper projects in Western Australia. The company operates as a disclosing entity under Australian corporate law and is subject to ongoing reporting and disclosure obligations under the Corporations Act.
Average Trading Volume: 2,383,568
Technical Sentiment Signal: Sell
Current Market Cap: A$6.44M
For detailed information about AM5 stock, go to TipRanks’ Stock Analysis page.