Shares of Macro Metals Flat After Supreme Court Grants Relief to Rectify Oversight

MT Newswires Live
07/18

Shares of Macro Metals (ASX:M4M) were flat in Friday trade after it said in a late Thursday Australian bourse filing that the Supreme Court has granted relief regarding the company's application to rectify an inadvertent administrative oversight related to the non-lodgement of cleansing notices.

The court declared that the issue of shares under the company's share purchase plan is valid, and that any subsequent offers or sales of those shares are also valid, the filing said.

The company has requested that the Australian Securities Exchange lift the voluntary suspension of its securities, effective immediately, the filing added.

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