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Tusker Minerals Issues 9 Million Shares for Yaounde West Deal and Performance Rights

Story Highlights
  • Tusker Minerals has issued 5 million shares to vendors as part of the Yaounde West project acquisition.
  • An additional 4 million shares were issued on conversion of performance rights, with the company affirming Corporations Act compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tusker Minerals Issues 9 Million Shares for Yaounde West Deal and Performance Rights

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DY6 Metals Ltd. ( (AU:TSK) ) has issued an update.

Tusker Minerals Ltd has issued 5 million fully paid ordinary shares to the vendors of the Yaounde West acquisition as part of the transaction consideration, alongside a further 4 million shares following the conversion of certain performance rights, expanding its issued capital base. The company has confirmed that these shares were issued without a prospectus under the Corporations Act’s secondary trading provisions, and stated it remains compliant with its financial reporting and continuous disclosure obligations while declaring there is no excluded information that would need to be disclosed to the market under these rules.

More about DY6 Metals Ltd.

Tusker Minerals Ltd is an ASX-listed resources company focused on mineral exploration and development, with a portfolio that includes the Yaounde West project, for which it is currently advancing ownership through staged consideration to vendors.

Average Trading Volume: 331,739

Technical Sentiment Signal: Sell

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

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