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The latest announcement is out from Pan Asia Metals Ltd. ( (AU:FLG) ).
Flagship Minerals Limited has issued 549,016 fully paid ordinary shares and has lodged a cleansing notice under section 708A(5)(e) of the Corporations Act 2001. The company confirms that the shares were issued without a prospectus under the applicable disclosure relief, that it has complied with its financial reporting and continuous disclosure obligations, and that there is no excluded information that must be disclosed to the market.
By issuing this cleansing statement, Flagship enables the new shares to be traded on the market without further disclosure, supporting liquidity for recipients and clarity for investors. The announcement reinforces the company’s regulatory compliance and maintains transparency around its capital management activities, which is relevant for shareholders and potential investors monitoring dilution and governance.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited is an ASX-listed resources company focused on metals, operating through offices in Singapore, Santiago in Chile and Sydney, Australia. The company is engaged in mineral exploration and development, positioning itself within the broader metals and mining sector with a focus on assets and projects that support its growth as a listed issuer.
Average Trading Volume: 343,102
Technical Sentiment Signal: Buy
Current Market Cap: A$79.28M
See more insights into FLG stock on TipRanks’ Stock Analysis page.