Catalyst Metals cancels proposed securities issue

Catalyst Metals Limited (ASX:CYL) announced on September 4, 2025, the cancellation of a proposed securities issue previously detailed on September 1, 2025. The company stated that the shares were initially offered under a cleansing prospectus to facilitate secondary trading. However, the offer has now closed without any shares being issued.

The cancelled proposal involved an issue of 100 ordinary fully paid shares, classified as an 'Existing class' of security, for a cash consideration of AUD 7.25000 per security. The purpose of the offer was not to raise capital, but to facilitate secondary trading of shares issued on August 25, 2025, and any other shares issued during the offer period without Chapter 6D disclosure.

No external approvals were required for the issue, and no lead manager or underwriter was involved. The company also confirmed that the proposed issue would not have led to a change in its dividend/distribution policy.