Pilot Energy Limited has announced the issuance of 12,274,209 new shares to three consultants in lieu of cash payments for services provided to the company. The shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act, relying on section 708A(5) as modified by ASIC Instrument 25-0445. The company confirmed it is in compliance with its reporting and disclosure obligations and that there is no excluded information relevant to the share issue.
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