Australian Strategic Materials (ASX: $ASM) supplementary prospectus details

Australian Strategic Materials Limited (ASM) ACN 168 368 401 has issued a supplementary prospectus dated 20 June 2024, following the lodging of the original prospectus on 29 April 2024. The purpose of this supplementary prospectus is to ensure that any New Share issued on exercise of a Placement Option is not subject to any trading restrictions under section 707(3) of the Corporations Act, in reliance on the relief available under ASIC Instrument 2016/80. The issue of 12,931,035 Placement Options under the Placement to institutional investors was subject to and conditional on shareholder approval being received at an extraordinary general meeting of the Company, which was approved on 19 June 2024.

Executive commentary on the supplementary prospectus

The supplementary prospectus has been prepared to ensure that the issue of the Placement Options complies with the relief available under ASIC Instrument 2016/80. This will allow the Company to proceed with the issuance of New Shares on exercise of the Placement Options without being subject to trading restrictions. The Company is committed to maintaining transparency and compliance with regulatory requirements, and this supplementary prospectus is a demonstration of that commitment.

Summary of Australian Strategic Materials (ASX: $ASM) supplementary prospectus

The supplementary prospectus issued by Australian Strategic Materials Limited (ASM) is aimed at lifting trading restrictions for New Shares issued on exercise of Placement Options, following the approval of the Placement Options by Shareholders at an extraordinary general meeting. The Company's commitment to compliance and transparency is evident in the preparation of this supplementary prospectus, ensuring adherence to regulatory relief available under ASIC Instrument 2016/80. This move reflects ASM's dedication to fulfilling its obligations and maintaining a robust corporate governance framework.