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Patriot Lithium Ltd. ( (AU:PAT) ) has issued an update.
Patriot Resources Limited has issued 10 million ordinary fully paid shares at $0.05 per share and a further 8.68 million shares as consideration for digital investor relations services under a signed contract. The company has applied for quotation of these new shares on the ASX and confirmed, via a cleansing notice under the Corporations Act, that it is compliant with continuous disclosure and reporting obligations, providing assurance to investors about transparency and regulatory adherence.
The cleansing statement indicates the new shares were issued without a prospectus, relying on statutory disclosure exemptions, while affirming there is no undisclosed information material to an informed investment decision. This move modestly increases Patriot’s share base, supports its investor relations capabilities, and signals ongoing engagement with capital markets in line with Australian corporate governance requirements.
More about Patriot Lithium Ltd.
Patriot Resources Limited is an Australia-based resources company listed on the ASX, focused on exploration and development activities in the mining sector. The company raises capital and uses equity-based arrangements to fund operations and secure corporate and investor relations services within the Australian market.
Average Trading Volume: 4,030,994
Technical Sentiment Signal: Buy
Current Market Cap: A$35.68M
For an in-depth examination of PAT stock, go to TipRanks’ Overview page.