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Future Metals NL announced the release of 18,382,352 fully paid ordinary shares from voluntary escrow on 22 May 2024. These shares were initially issued as upfront consideration for the acquisition of Osprey Minerals Pty Ltd and were subject to a 6-month voluntary escrow period. The Company will apply for quotation of these shares on the ASX, and they are already included in Future Metals NL's total voting rights figure of 572,474,801, effective 24 May 2024.
| Date | 22 May 2024 |
| Time | 08:30:00 |
| Category | Miscellaneous |
| ID | 4492P |
22 May 2024
Future Metals NL
Release of Securities from Voluntary Escrow
Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) announces that, pursuant to ASX Listing Rule 3.10A, 18,382,352 fully paid ordinary shares will be released from voluntary escrow on 22 May 2024 (the "Escrow Shares").
Such Escrow Shares were issued as upfront consideration for the acquisition of Osprey Minerals Pty Ltd ("Osprey") and were subject to a 6-month voluntary escrow period. Please refer to the Company's announcement dated 17 November 2023 for further details.
The Company will apply for quotation on the ASX of the Escrow Shares when released from escrow, pursuant to ASX Listing Rule 2.8.5. It is noted that such Escrow Shares are already admitted to trading on AIM and are included within the Company's enlarged total voting rights figure of 572,474,801 (with effect from 24 May 2024), as per the announcement dated 21 May 2024.
This announcement has been approved for release by the Company Secretary of Future Metals NL.
For further information, please contact:
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Future Metals NL |
+61 8 9480 0414 |
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Patrick Walta |
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Strand Hanson Limited (Nominated Adviser and UK Broker) |
+44 (0) 207 409 3494 |
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James Bellman/Rob Patrick |
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