Macarthur Minerals (ASX:MIO) Listing Rule 10.11 Breach and Transfer Update

Macarthur Minerals Limited (ASX:MIO) has completed an off-market transfer of 754,718 shares and 377,358 attaching options to an unrelated party of the Directors to remedy its inadvertent breach of ASX Listing Rule 10.11. The shares were transferred at a purchase price equal to the issue price of $0.053 per share under the private placement announced to the ASX on 29 July 2024.

Executive Commentary on Listing Rule Breach and Transfer

The transfer of shares and options has been conducted at arm's length and in accordance with the Company's Share Trading Policy. Macarthur Minerals reiterates its regret for the oversight and assures that a review of the Company's administrative policy and procedures is underway to ensure future compliance with the ASX Listing Rules. - Mr Cameron McCall, Executive Chairman and CEO

Summary of Macarthur Minerals Listing Rule Breach and Transfer Update

Macarthur Minerals (ASX:MIO) has successfully completed the off-market transfer of shares and options to rectify the inadvertent breach of ASX Listing Rule 10.11. The Company confirms that the transfer was conducted at arm's length and in accordance with its Share Trading Policy. Macarthur Minerals is currently reviewing its administrative policy and procedures to ensure future compliance with the ASX Listing Rules. The Company expresses regret for the oversight and emphasizes its commitment to upholding regulatory compliance.