tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Arika Resources Issues New Shares Following Option Exercise

Story Highlights
Arika Resources Issues New Shares Following Option Exercise

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Metalicity Limited ( (AU:ARI) ) just unveiled an announcement.

Arika Resources Limited has issued 926,019 fully paid ordinary shares at $0.03 each following the exercise of unlisted options. This move is part of the company’s reliance on section 708A of the Corporations Act 2001, allowing them to issue shares without disclosure to investors. The announcement, approved by the board, indicates compliance with relevant provisions of the Corporations Act, signaling transparency and adherence to regulatory requirements.

More about Metalicity Limited

YTD Price Performance: 59.26%

Average Trading Volume: 4,063,381

Technical Sentiment Signal: Sell

Current Market Cap: A$37.01M

Learn more about ARI stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1