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Metalicity Limited ( (AU:ARI) ) has provided an announcement.
Arika Resources Limited has issued 1,912,105 fully paid ordinary shares following the exercise of unlisted options priced at $0.025 and $0.03. This issuance is conducted under section 708A of the Corporations Act 2001, allowing the company to proceed without disclosure to investors, and confirms compliance with relevant legislative provisions. The announcement signifies a strategic financial maneuver to potentially enhance the company’s capital structure.
More about Metalicity Limited
Average Trading Volume: 3,250,321
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.27M
For an in-depth examination of ARI stock, go to TipRanks’ Overview page.