C29 Metals Limited (ASX:C29) has issued a cleansing notice under section 708A(5)(e)(i) of the Corporations Act 2001, following the issue of 200,000,000 fully paid ordinary shares to sophisticated and professional investors, as approved by shareholders at the company's Annual General Meeting held on 30 October 2026.

Key Points

  • C29 Metals issued 200,000,000 fully paid ordinary shares to sophisticated and professional investors
  • The share issue was approved by shareholders at the Annual General Meeting held on 30 October 2026
  • The cleansing notice was filed on 13 November 2026 under section 708A(5)(e) of the Corporations Act 2001
  • The company confirmed compliance with Chapter 2M and section 674 of the Corporations Act as at the date of the notice

Cleansing Notice Details

C29 Metals gave notice pursuant to sections 708A(5)(e) and 708A(6) of the Corporations Act 2001 that the 200,000,000 shares were issued without disclosure to investors under Part 6D.2 of the Act. The company stated that, as at the date of the notice, there is no information that constitutes "excluded information" within the meanings of sections 708A(7) and 708A(8) of the Act, other than as set out in the notice. The filing was authorised by the Board of C29 Metals Limited.

Shareholder Approval at Annual General Meeting

According to the filing, the 200,000,000 fully paid ordinary shares were issued to sophisticated and professional investors as approved by shareholders at the Annual General Meeting held on 30 October 2026. The cleansing notice was released on the same date as the company's Appendix 2A, which was also lodged with the exchange on 13 November 2026. The purpose of the cleansing notice is to enable the on-sale of the shares under the exemption provided in section 708A(5) of the Corporations Act 2001.

Regulatory Compliance Statements

As required under the Act, C29 Metals confirmed in the filing that, as at the date of the notice, the company had complied with the provisions of Chapter 2M of the Corporations Act 2001 as they apply to the company, and with section 674 of the Act. The Act restricts the on-sale of securities issued without disclosure unless the sale qualifies for an exemption under section 708 or 708A. By issuing this cleansing notice, C29 Metals stated that sales of the relevant shares will fall within the exemption in section 708A(5) of the Act.