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LONDON/SYDNEY - New Frontier Minerals Limited (LSE/ASX:NFM) has issued 2,272,727 new ordinary shares at $0.011 per share to professional and sophisticated investors, raising approximately $25,000, according to a company statement released Wednesday.
The share issuance is part of a placement previously announced on June 4, 2025. The company issued the shares under its placement capacity pursuant to ASX Listing Rule 7.1.
The new shares were issued without disclosure to investors under section 708A(5) of the Corporations Act 2001, as permitted for offerings to professional and sophisticated investors.
Following the admission of these new shares, New Frontier Minerals’ total issued share capital will consist of 1,605,212,625 ordinary shares. This figure may be used by shareholders as the denominator for calculations to determine if they need to notify their interest in the company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The mining company noted in its press release that it has complied with the provisions of Chapter 2M of the Corporations Act and with sections 674 and 674A of the Act. New Frontier Minerals also confirmed there is no excluded information within the meaning of sections 708A(7) and 708A(8) of the Act.
An Appendix 2A has been submitted to the Australian Securities Exchange regarding this share issuance.
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