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Ordell Minerals Ltd ( (AU:ORD) ) has provided an announcement.
Ordell Minerals has issued 2,000,000 fully paid ordinary shares following the exercise of options by substantial shareholder Genesis Minerals Limited. The new shares were issued without a prospectus under Australian corporations law, and the company has confirmed compliance with its financial reporting and continuous disclosure obligations.
By lodging a cleansing notice under section 708A(5)(e) of the Corporations Act, Ordell has enabled these newly issued shares to be freely traded on the market immediately. The company also stated that there is no excluded information that must be disclosed, signalling regulatory transparency around this capital change for existing and prospective investors.
More about Ordell Minerals Ltd
Ordell Minerals Limited (ASX: ORD) is an Australian-listed resources company based in West Perth, Western Australia. The company operates in the minerals sector, with its activities and capital structure closely followed by substantial shareholders such as Genesis Minerals Limited.
Average Trading Volume: 294,897
Technical Sentiment Signal: Buy
Current Market Cap: A$41.55M
Find detailed analytics on ORD stock on TipRanks’ Stock Analysis page.