Skylark Minerals Ltd (ASX:SKM) has issued 32,691,722 fully paid ordinary shares as part of tranche 1 of a placement, with the company lodging a notice under section 708A of the Corporations Act 2001 on 9 November 2026 to confirm the securities were issued without disclosure under Part 6D.2 of the Act.

Key Points

  • 32,691,722 fully paid ordinary shares issued on 9 November 2026 as tranche 1 of a placement announced on 2 November 2026
  • Securities were issued without disclosure under Part 6D.2 of the Corporations Act 2001
  • The company states it has complied with Chapter 2M provisions and sections 674 and 674A of the Act as at the date of the notice
  • Drilling and exploration programs at the Zaranou Gold Project in Côte d'Ivoire are ongoing, with assay results outstanding and not yet available for release

Section 708A Notice and Share Issuance Details

Skylark Minerals disclosed that 32,691,722 fully paid ordinary shares were issued on 9 November 2026 in connection with tranche 1 of a placement that was announced on 2 November 2026. The company filed a notice pursuant to section 708A(5)(e) of the Corporations Act 2001, confirming the securities were issued without disclosure under Part 6D.2 of the Act. The filing states that, as at the date of the notice, the company has complied with the provisions of Chapter 2M of the Act as they apply to the company, as well as sections 674 and 674A of the Act.

Excluded Information and Zaranou Gold Project Drilling Programs

The company noted in the filing that it has ongoing drilling and exploration programs at its Zaranou Gold Project, located in Côte d'Ivoire. According to the filing, information pertaining to the results of these programs is currently incomplete, with assays outstanding, and is not currently able to be released to the market in compliance with the Listing Rules and the JORC Code. The company stated that this information is not at this time considered to be information that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of assets, liabilities, financial position, performance, or rights and liabilities attaching to the shares.

Continuous Disclosure Obligations and Future Results Release

Skylark Minerals stated in the filing that it provides no statement or assurance regarding the exploration results from its ongoing programs. The company said it will release these results as they become available in accordance with its continuous disclosure obligations. The filing also noted that the market price of the shares may rise or fall following the announcement of any exploration results. The notice was authorised for release by the Managing Director. No specific timeline for the release of outstanding assay results was disclosed in the filing.