tiprankstipranks
Advertisement
Advertisement

Premier1 Lithium Issues 140.7 Million New Shares Under Disclosure Exemption

Story Highlights
  • Premier1 Lithium issued 140.7 million new fully paid ordinary shares on the ASX.
  • The share issue relied on Corporations Act disclosure exemptions, with the company affirming ongoing compliance and no excluded information.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Premier1 Lithium Issues 140.7 Million New Shares Under Disclosure Exemption

Claim 55% Off TipRanks

The latest update is out from SensOre Ltd ( (AU:PLC) ).

Premier1 Lithium Limited has issued 140,727,699 fully paid ordinary shares, all belonging to its existing class of ASX-quoted ordinary shares. The company confirmed the shares were issued without a disclosure document under relevant exemptions in the Corporations Act, while stating it remains compliant with its financial reporting and continuous disclosure obligations and has no excluded information that would reasonably be expected in a prospectus, signalling that the capital raising has been structured to proceed efficiently within existing regulatory frameworks for the benefit of investors and market participants.

The most recent analyst rating on (AU:PLC) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on SensOre Ltd stock, see the AU:PLC Stock Forecast page.

More about SensOre Ltd

Premier1 Lithium Limited is an Australia-based resources company focused on lithium, with its ordinary shares quoted on the Australian Securities Exchange. Operating in the lithium exploration and development sector, the company targets opportunities within the growing battery materials and electric vehicle supply chain markets.

Technical Sentiment Signal: Sell

Current Market Cap: A$7.24M

For a thorough assessment of PLC stock, go to 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