tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

PMET Resources Files Cleansing Notice for New Share Issue and Potential CDI Conversion

Story Highlights
  • PMET Resources issued 89,125 new common shares on the TSX, which may later convert into CDIs for trading on the ASX.
  • The company filed a cleansing notice confirming regulatory compliance and absence of undisclosed information, supporting secondary trading of any resulting CDIs.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PMET Resources Files Cleansing Notice for New Share Issue and Potential CDI Conversion

Claim 70% Off TipRanks This Holiday Season

Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh ( (AU:PMT) ) has issued an announcement.

PMET Resources Inc. has issued 89,125 fully paid common shares that will be quoted on the Toronto Stock Exchange and may later be converted into CHESS Depositary Interests for trading on the ASX, depending on holder preference. The company has lodged a cleansing notice confirming that these shares were issued without a prospectus under Australian law, that it remains in compliance with its continuous disclosure obligations, and that there is no excluded information requiring disclosure, thereby facilitating secondary trading of any resulting CDIs by giving assurance of regulatory compliance to investors.

The most recent analyst rating on (AU:PMT) stock is a Buy with a A$0.65 price target. To see the full list of analyst forecasts on Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh stock, see the AU:PMT Stock Forecast page.

More about Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh

PMET Resources Inc., listed on the TSX, ASX, OTCQX and FSE, is a resources company focused on the exploration and development of mineral assets, with its securities traded in both Canada and Australia, including via CHESS Depositary Interests on the ASX.

Average Trading Volume: 2,959,028

Technical Sentiment Signal: Buy

Current Market Cap: A$941.4M

Find detailed analytics on PMT stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1