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Austin Metals Issues 396 Million New Shares Under Tranche 1 Placement

Story Highlights
  • Austin Metals issued 396 million new fully paid ordinary shares under Tranche 1 of its placement, increasing its quoted capital on the ASX.
  • The company confirmed compliance with Corporations Act disclosure and reporting rules and stated there is no excluded information affecting the new share issue.
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Austin Metals Issues 396 Million New Shares Under Tranche 1 Placement

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An update from Austin Metals Limited ( (AU:AYT) ) is now available.

Austin Metals Limited has issued 396 million fully paid ordinary shares as part of the first tranche of a previously announced placement, expanding its quoted share capital on the Australian Securities Exchange. The company confirmed that the shares were issued without a prospectus under relevant Corporations Act provisions and stated it is in compliance with its continuous disclosure and financial reporting obligations, with no excluded information outstanding, providing regulatory clarity for investors and the market.

More about Austin Metals Limited

Austin Metals Limited (ASX: AYT) is an Australian-listed company operating in the metals and resources sector, with its securities quoted on the Australian Securities Exchange.

Technical Sentiment Signal: Sell

Current Market Cap: A$8.71M

For detailed information about AYT stock, go to TipRanks’ Stock Analysis page.

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