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Metalicity Limited ( (AU:ARI) ) has shared an update.
Arika Resources Limited has called a general meeting of shareholders for 15 May 2026 in Perth, setting 13 May 2026 as the record date for voting eligibility. The company is seeking shareholder approval to issue a total of 70,823,529 new shares to Nex Metals Explorations Limited or its nominees, split between upfront and escrowed consideration shares.
One resolution proposes issuing 58,823,529 upfront consideration shares to Nex Metals Explorations Limited in accordance with ASX Listing Rule 7.1. A second resolution seeks approval for a further 12,000,000 escrowed consideration shares, a move that would expand Arika Resources’ capital base and potentially alter its ownership structure if endorsed by investors.
More about Metalicity Limited
Arika Resources Limited is an Australian-listed company active in the resources sector. The firm focuses on mineral exploration and development, with its shares traded on the ASX and its shareholder base governed under Australian corporate and securities regulations.
YTD Price Performance: -24.24%
Average Trading Volume: 4,143,161
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$31.4M
See more data about ARI stock on TipRanks’ Stock Analysis page.