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Emmerson Resources Limited ( (AU:ERM) ) has provided an announcement.
Emmerson Resources has issued 5 million fully paid ordinary shares following the exercise of an equivalent number of unlisted options at an exercise price of $0.20 per share, ahead of the options’ 31 December 2025 expiry. The company has confirmed that these shares were issued without a prospectus under the Corporations Act’s secondary trading provisions and that it remains compliant with key financial reporting and continuous disclosure obligations, signalling orderly capital management and regulatory compliance for existing and prospective shareholders.
More about Emmerson Resources Limited
Emmerson Resources Limited (ASX: ERM) is an Australian-listed resources company operating in the mining and exploration sector, with its securities comprised of fully paid ordinary shares. The company raises capital and funds its activities in part through the issuance and exercise of options over its ordinary shares.
Average Trading Volume: 618,915
Technical Sentiment Signal: Buy
Current Market Cap: A$168.7M
For an in-depth examination of ERM stock, go to TipRanks’ Overview page.