Northstone Resources Applies to Quote 201.2 Million Ordinary Shares at $0.009 Each

Manish Choudhary

12 November 2026 08:01 PM AEDT

Northstone Resources Applies to Quote 201.2 Million Ordinary Shares at $0.009 Each

Image Source: Krish Capital Pty Ltd

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Northstone Resources Limited (ASX:NRL) has applied to ASX for the quotation of 201,222,227 ordinary fully paid shares issued at AUD $0.009 each, with an issue date of 12 November 2026, as part of a placement previously announced to the market.

Key Points

201,222,227 ordinary fully paid NRL shares applied for quotation, issued on 12 November 2026 at $0.009 per share
Securities form part of a placement transaction previously notified to ASX via an Appendix 3B dated 5 November 2026
A further 62,222,220 shares and 158,066,666 listed options remain to be issued to complete the transaction
Following quotation, total quoted ordinary shares on issue will be 2,344,375,541 and quoted options will total 234,851,533

Placement Details and Issue Terms

According to the filing, Northstone Resources Limited has lodged an Appendix 2A application for the quotation of 201,222,227 ordinary fully paid shares on ASX. The securities were issued on 12 November 2026 at an issue price of AUD $0.009 per share, with consideration paid in Australian dollars. The filing confirms the shares are being issued for cash consideration. The underlying placement transaction was previously notified to the market via an Appendix 3B lodged on 5 November 2026, described as a placement or other type of issue.

Further Securities Yet to Be Issued Under the Transaction

The filing discloses that the transaction is not yet complete. Northstone Resources stated that 62,222,220 shares and 158,066,666 listed options remain to be issued as part of the same transaction referred to in the Appendix 3B. The filing confirms this information in response to whether further issues of securities are yet to take place to complete the transaction, with the entity indicating that additional securities remain outstanding under the previously announced placement arrangements.

Issued Capital Structure Following Quotation

Upon quotation of the 201,222,227 shares the subject of this application, Northstone Resources' total quoted ordinary fully paid shares on issue will stand at 2,344,375,541, while quoted options expiring 20 January 2030 will total 234,851,533. The company also holds unquoted securities comprising 151,500,000 performance rights and three classes of unquoted options expiring 28 October 2030, each totalling 17,250,000, with exercise prices of $0.04, $0.06 and $0.08 respectively, according to the filing.

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