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Paterson Resources Issues 22.2 Million Unquoted Options Expiring 2028

Story Highlights
  • Paterson Resources has issued 22,222,222 unquoted options exercisable at $0.028.
  • These unquoted options stem from earlier transactions and may dilute shareholders if exercised.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Paterson Resources Issues 22.2 Million Unquoted Options Expiring 2028

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An update from Paterson Resources ( (AU:PSL) ) is now available.

Paterson Resources Ltd has notified the market of the issue of 22,222,222 unquoted options, exercisable at $0.028 and expiring on 30 October 2028. The options, which are not intended to be quoted on the ASX, arise from previously announced transactions and reflect the company’s ongoing use of equity-based instruments to support funding, incentivisation or strategic agreements, with potential future dilution for existing shareholders if exercised.

More about Paterson Resources

Paterson Resources Ltd, listed on the ASX under the code PSL, is an Australian company active in the resources sector, focusing on exploration and development of mineral projects. The company seeks to advance its asset portfolio and create value for shareholders through targeted capital management and funding initiatives to support its operational and exploration activities.

YTD Price Performance: 218.18%

Average Trading Volume: 919,089

Technical Sentiment Signal: Buy

Current Market Cap: A$18.42M

See more data about PSL stock on TipRanks’ Stock Analysis page.

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