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Southern Palladium Ltd. ( (AU:SPD) ) just unveiled an update.
Southern Palladium Limited has issued 2,400,000 fully paid ordinary shares at $0.875 per share following the exercise of options by existing optionholders, with the new shares ranking pari passu with its existing ordinary shares. The move modestly increases the company’s share capital and reflects option conversions rather than a new capital raising, signalling ongoing investor engagement.
The company also confirmed it has issued the shares without a prospectus under the Corporations Act, while remaining compliant with its continuous disclosure and financial reporting obligations. Management stated there is no excluded information requiring disclosure, providing reassurance to shareholders about regulatory compliance and transparency around the expanded share base.
More about Southern Palladium Ltd.
Southern Palladium Limited is a dual-listed company on the ASX and JSE, operating in the resources sector with a focus on palladium and associated platinum group metals. The company is headquartered in Sydney and targets investors in both Australian and South African capital markets, reflecting its cross-border asset and shareholder base.
Average Trading Volume: 212,550
Technical Sentiment Signal: Buy
Current Market Cap: A$204.1M
For an in-depth examination of SPD stock, go to TipRanks’ Overview page.