NeuRizer Ltd (AU:NRZ) has released an update.
NeuRizer Ltd has addressed the Australian Securities Exchange’s price query by confirming their compliance with listing rules and attributing recent share price movements to the issuance and subsequent sale of a substantial number of shares. The company issued 75,000,000 ordinary shares on April 22, 75,500,000 shares on April 30, and 248,000,000 shares on May 23 as per their agreement with Energy Exploration Capital Partners, which they believe affected the share price. They also noted that the information related to the price query is not yet public as it is non-binding, incomplete, and pending further recommendation from the ASX.
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