Apollo Minerals Issues 99 Million New Shares Under ASX Disclosure Exemption

Apollo Minerals Limited ( (AU:AON) ) just unveiled an update.

Apollo Minerals Limited has issued 99,268,518 fully paid ordinary shares, adding to its existing quoted class of securities on the Australian Securities Exchange. The company advised that the shares were issued without a prospectus under the Corporations Act, while confirming ongoing compliance with financial reporting and continuous disclosure obligations and stating there is no excluded information relevant to this issue.

The notice formally assures investors and the market that Apollo Minerals remains in good standing with statutory reporting and disclosure requirements. This provides transparency around the capital raising process and signals that there are no undisclosed material facts that would affect an informed investment decision regarding the newly issued shares.

The most recent analyst rating on (AU:AON) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Apollo Minerals Limited stock, see the AU:AON Stock Forecast page.

More about Apollo Minerals Limited

Apollo Minerals Limited is an Australian-listed company on the ASX under the code AON. The company issues fully paid ordinary shares that are part of a class of securities quoted on the Australian Securities Exchange, indicating its role as a publicly traded entity in the capital markets.

YTD Price Performance: 450.0%

Average Trading Volume: 15,980,700

Technical Sentiment Signal: Buy

Current Market Cap: A$63.52M

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