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Anax Metals Clarifies $3.3M Convertible Note Placement Amid Compliance Review

10:21am on Wednesday 4th of June, 2025 AEST Mining
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Anax Metals Clarifies $3.3M Convertible Note Placement Amid Compliance Review

10:21am on Wednesday 4th of June, 2025 AEST
Key Points
  • Clarification on issuance of 201.5 million Conversion Shares in two tranches
  • Only 105.7 million shares require shareholder approval; 114.8 million issued under existing capacity
  • Administrative oversight caused prior disclosure inconsistencies
  • Appointment of new compliance personnel to prevent future errors
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