Northstone Resources Limited (ASX:NRL) has applied for quotation of 5,835,915 ordinary fully paid shares issued on 12 November 2026 as consideration for consulting services, with no cash changing hands for the securities.

Key Points

  • 5,835,915 ordinary fully paid NRL shares issued on 12 November 2026 and applied for ASX quotation
  • Shares were issued as nil cash consideration for consulting services rendered
  • Securities were issued under the company's 15% placement capacity under ASX Listing Rule 7.1
  • Following quotation, total ordinary fully paid shares on issue will be 2,148,989,229

Share Issue Details and Consideration

According to the filing lodged on 12 November 2026, Northstone Resources Limited applied to have 5,835,915 ordinary fully paid shares quoted on ASX. The securities were issued for nil cash consideration, with the filing disclosing that the shares were provided as payment for consulting services rendered. The estimated value of the consideration per security was disclosed as AUD $0.015. The shares rank equally in all respects from their issue date with existing issued securities in the same class. A cleansing notice was published in connection with the on-sale provisions applicable to the securities.

Listing Rule 7.1 Placement Capacity

The filing states that the 5,835,915 shares were issued without security holder approval, utilising the company's 15% placement capacity under ASX Listing Rule 7.1. The company confirmed that none of the securities were issued under an exception in Listing Rule 7.2, and that no additional 10% placement capacity under Listing Rule 7.1A was used. Security holder approval was not sought or obtained for this issue. The shares represent an addition to an existing quoted class of securities on ASX.

Issued Capital Following Quotation

Following quotation of the new shares, the total number of ordinary fully paid NRL shares on issue will be 2,148,989,229. Quoted options expiring 20 January 2030 will total 234,851,533. The company's unquoted securities will include 151,500,000 performance rights and three classes of unquoted options expiring 28 October 2030 with exercise prices of $0.04, $0.06, and $0.08 respectively, each comprising 17,250,000 securities, according to the issued capital table disclosed in the filing.