OAR Resources Ltd (AU:OAR) has released an update.
OAR Resources Limited has announced a new issuance of 49,800,000 ordinary fully paid shares, which have received shareholder approval to be issued to Directors in settlement of outstanding fees. The shares are set to be quoted on the ASX under the ticker code OAR, with the issue date being August 22, 2024. This move indicates a strategic decision by the company to compensate its Directors while potentially influencing its stock market performance.
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