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Arika Resources Issues Over 2 Million Shares Following Option Exercise

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Arika Resources Issues Over 2 Million Shares Following Option Exercise

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The latest announcement is out from Metalicity Limited ( (AU:ARI) ).

Arika Resources Limited has issued 2,194,083 fully paid ordinary shares following the exercise of unlisted options priced at $0.025 and $0.03. This move, conducted under section 708A of the Corporations Act 2001, signifies the company’s compliance with relevant regulatory provisions and reflects its ongoing capital management strategy.

More about Metalicity Limited

YTD Price Performance: 51.85%

Average Trading Volume: 3,482,923

Technical Sentiment Signal: Sell

Current Market Cap: A$36.18M

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

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