Zuleika Gold Limited (AU:ZAG) has released an update.
Zuleika Gold Limited has announced the issuance of over 4.7 million new shares and 1.5 million options to consultants and suppliers, utilizing the company’s 15% capacity under ASX Listing Rule 7.1. The options, exercisable at $0.05 each until November 2027, are part of the company’s efforts to settle services without investor disclosure under the Corporations Act. Additionally, plans are underway to issue 1 million similar options to Director Graeme Purcell, pending shareholder approval at the upcoming Annual General Meeting.
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