Proposed Bonus Issue of New Listed Options Update
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Northern Minerals Limited has provided an update regarding a proposed bonus issue of new listed options for eligible shareholders, which is subject to a prospectus being prepared and lodged with ASIC. The company plans to seek shareholder approval to cancel existing options and issue new ones under the same terms as part of the bonus issue process. A general meeting of shareholders will be called to discuss the required resolutions, with the bonus issue expected to launch shortly after the meeting. The company aims to be a significant producer of dysprosium through its Browns Range Project in Western Australia, which is currently under development.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Northern Minerals Limited on 6ix
Earlier from Northern Minerals
- NTU - SPP closes with $11.7 million raised
- Retraction of statement in previous announcement
- Browns Range HRE Pilot Plant on Track for Completion 30 June
- NTU December Quarter R&D Funding Received
- NTU SPP expanded to $15 million following strong demand
Later from Northern Minerals
- NTU Browns Range HRE Project Update February 2018
- Browns Range Heavy Rare Earths Project - March Update
- High grade exploration results drive drilling campaign
- Announcement regarding ASX listing rule 7.1 capacity
- NTU - Commissioning commences at Browns Range
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