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PMET Resources Issues New Shares and Lodges Cleansing Notice for Potential CDI Trading

Story Highlights
  • PMET Resources issued 2,115 new common shares on the TSX, which may later convert into CHESS Depositary Interests for ASX trading.
  • The company lodged a cleansing notice confirming compliance with disclosure obligations, enabling secondary trading of any resulting CDIs under Australian law.
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PMET Resources Issues New Shares and Lodges Cleansing Notice for Potential CDI Trading

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

PMET Resources Inc. has issued 2,115 ordinary fully paid common shares, which will be quoted on the Toronto Stock Exchange and may later be converted by holders into CHESS Depositary Interests for trading on the Australian Securities Exchange. The company has lodged a cleansing notice stating that these shares were issued without a disclosure document under Australian law, while confirming its compliance with the relevant continuous disclosure and corporate reporting obligations and that there is no excluded information requiring disclosure, thereby facilitating secondary trading of any resulting CDIs under section 708A of the Corporations Act as modified by the applicable ASIC instrument.

The most recent analyst rating on (AU:PMT) stock is a Hold with a A$0.73 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 Frankfurt exchanges, operates in the resources sector and is associated with CHESS Depositary Interests (CDIs) trading on the ASX. The company’s securities structure allows its ordinary fully paid common shares to be converted into CDIs for trading in the Australian market, reflecting a cross-listed capital markets focus across North American and Australian exchanges.

Average Trading Volume: 3,008,049

Technical Sentiment Signal: Buy

Current Market Cap: A$1.07B

See more insights into PMT stock on TipRanks’ Stock Analysis page.

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