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Yugo Metals issues over 1.17 million new shares under disclosure exemption

Story Highlights
  • Yugo Metals has issued 1,176,471 new fully paid ordinary shares on the ASX.
  • The company relied on a Corporations Act exemption and affirms full reporting and disclosure compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Yugo Metals issues over 1.17 million new shares under disclosure exemption

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Lykos Metals Limited ( (AU:YUG) ) has issued an announcement.

Yugo Metals Limited has issued 1,176,471 fully paid ordinary shares of the same class already quoted on the ASX, expanding its issued capital base. The company states these shares were issued without a prospectus or other disclosure document under the Corporations Act, relying on the exemption in section 708A.

The company confirms it is up to date with its financial reporting and continuous disclosure obligations under the Corporations Act. It also advises that, as at the date of the notice, there is no excluded information that would be required to be disclosed to investors in relation to this share issue.

More about Lykos Metals Limited

Yugo Metals Limited (ASX:YUG) is an Australia-listed company whose fully paid ordinary shares trade on the Australian Securities Exchange. The company operates under the Australian Corporations Act disclosure and reporting framework, including compliance with financial reporting and continuous disclosure obligations.

Average Trading Volume: 476,998

Technical Sentiment Signal: Buy

Current Market Cap: A$26.3M

For an in-depth examination of YUG stock, go to TipRanks’ Overview page.

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