FilingReader Intelligence

Catalyst Metals issues shares to ensure free trading, lifts restrictions

September 1, 2025 at 10:10 AM UTCBy FilingReader AI

Catalyst Metals Limited announced a new prospectus dated September 1, 2025, offering 100 shares at AUD 7.25 each. This move primarily facilitates secondary trading of 2,500,000 settlement shares issued to CSAM on August 25, 2025. This action addresses a technical non-compliance with the Corporations Act 2001, which prevented the company from issuing a cleansing notice. The offer's closing date is September 3, 2025, with estimated expenses of AUD 10,000, generating no net proceeds for the company.

In a related announcement, Catalyst Metals applied for quotation of 20,000 ordinary fully paid shares with an issue date of September 1, 2025. These shares resulted from the exercise of options at an issue price of AUD 1.98 per security. The total number of ordinary fully paid shares on issue following this quotation will be 251,822,839, with 382,100 options remaining unquoted.

The prospectus specifies that the primary purpose is to enable secondary trading of any shares issued without disclosure under Chapter 6D of the Corporations Act, including the settlement shares and any shares issued from option exercises during the offer period. This ensures market liquidity following a recent settlement deed related to Federal Court proceedings.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

ASX:CYLAustralian Securities Exchange

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