Scorpion Minerals Issues New Shares Under Employee Incentive Scheme

The latest announcement is out from Scorpion Minerals Limited ( (AU:SCN) ).

Scorpion Minerals Limited has issued 500,000 fully paid ordinary shares following the exercise of an equivalent number of zero-dollar options that were previously granted under an employee incentive scheme and are due to expire on 21 April 2026. The company has lodged a cleansing notice confirming the new shares were issued without a prospectus yet are eligible for on-sale under relevant Corporations Act exemptions, signalling regulatory compliance and a modest increase in its quoted share capital.

The announcement also states that Scorpion Minerals has met its continuous disclosure and financial reporting obligations under the Corporations Act and that there is no excluded information requiring disclosure in relation to the new securities. This positions the share issue as a routine capital markets transaction that supports employee participation in equity while maintaining transparency and liquidity for investors in the company’s securities.

More about Scorpion Minerals Limited

Scorpion Minerals Limited is an Australian resources company listed on the ASX that issues fully paid ordinary shares and utilises employee incentive schemes as part of its capital management and staff remuneration strategy. The company operates within the broader mining and exploration sector, where equity-based incentives are commonly used to align employee and shareholder interests.

Average Trading Volume: 516,412

Technical Sentiment Signal: Sell

Current Market Cap: A$18.42M

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