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Metalicity Limited ( (AU:ARI) ) has issued an announcement.
Arika Resources Limited has issued 906,950 fully paid ordinary shares at $0.025 per share following the exercise of unlisted options, expanding its share capital base. The company has confirmed that the issue was conducted without a prospectus under section 708A of the Corporations Act 2001 and that it remains compliant with its continuous disclosure and reporting obligations, signalling regulatory adherence and providing investors with assurance about the transparency of the new share issuance.
The most recent analyst rating on (AU:ARI) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Metalicity Limited stock, see the AU:ARI Stock Forecast page.
More about Metalicity Limited
Arika Resources Limited (ASX: ARI) is an Australia-based resources company listed on the Australian Securities Exchange, operating in the mining and exploration sector. The company raises capital through equity instruments such as fully paid ordinary shares and unlisted options to fund its activities in the resources industry.
Average Trading Volume: 2,685,066
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$35.73M
For a thorough assessment of ARI stock, go to TipRanks’ Stock Analysis page.