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How Did Askari Metals Accidentally Issue Shares to a Related Party?

5:02pm on Friday 16th of January, 2026 AEDT Mining
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How Did Askari Metals Accidentally Issue Shares to a Related Party?

5:02pm on Friday 16th of January, 2026 AEDT
Key Points
  • Inadvertent breach of Listing Rule 10.11 involving related party securities issuance
  • Securities issued to director Martin Holland’s associated entity without shareholder approval
  • Error occurred during oversubscription allotment under non-renounceable rights issue
  • Company confirms compliance with Listing Rules and outlines remedial steps
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