OD6 Metals to Issue 480,000 Shares as Part Consideration for Rainbow and Nyco Projects

Aakashdeep

12 November 2026 10:15 AM AEDT

OD6 Metals to Issue 480,000 Shares as Part Consideration for Rainbow and Nyco Projects

Image Source: Krish Capital Pty Ltd

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OD6 Metals Limited (ASX:OD6) has lodged an Appendix 3B disclosing a proposed issue of 480,000 fully paid ordinary shares as part consideration for the Rainbow and Nyco projects, with the securities scheduled for issue on 15 December 2026.

Key Points

OD6 Metals proposes to issue 480,000 fully paid ordinary shares on 15 December 2026
The shares represent part consideration for the Rainbow and Nyco projects, as announced on 12 November 2026
The securities are not being issued for cash consideration
All 480,000 securities will be subject to voluntary escrow for 12 months from the date of issue
The shares are to be issued using the company's 15% placement capacity under ASX Listing Rule 7.1, without security holder approval

Proposed Issue Structure and Consideration

According to the filing lodged on 12 November 2026, OD6 Metals Limited is proposing to issue 480,000 ordinary fully paid shares as part consideration for the Rainbow and Nyco projects, as announced on the same date. The securities are not being issued for cash consideration. The proposed shares will be issued in an existing class of securities and will rank equally in all respects from their issue date with the existing issued securities in that class. No lead manager, broker, or underwriter is involved in the proposed issue.

Voluntary Escrow and Listing Rule Compliance

The filing discloses that all 480,000 securities proposed to be issued will be subject to voluntary escrow for a period of 12 months from the date of issue. The company has stated that it is not seeking security holder approval for the issue, with the entire 480,000 securities to be issued using the company's 15% placement capacity under ASX Listing Rule 7.1. The company confirmed that no party referred to in Listing Rule 10.11 is participating in the proposed issue, and none of the securities will be restricted securities for the purposes of the listing rules.

Timetable and Secondary Sale Provisions

The proposed issue date for the 480,000 ordinary fully paid shares is 15 December 2026. The filing states that any on-sale of the securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of the publication of a cleansing notice under the relevant provisions. The company disclosed that it will not be changing its dividend or distribution policy if the proposed issue proceeds, and no other material fees or costs in connection with the proposed issue were disclosed.

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