Astral Resources NL (AU:AAR) has released an update.
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Astral Resources NL has announced a ‘Cleansing Offer’ of up to 1,000 new shares at A$0.05 each to alleviate trading restrictions under section 708A(11) of the Corporations Act. The offer is considered speculative and investors are advised to consult with professional advisors. The company has corrected a previous prospectus error and confirms that this offer does not guarantee capital returns or dividends.
For further insights into AU:AAR stock, check out TipRanks’ Stock Analysis page.