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First Au Limited (ASX:FAU)

ALERT: Price-sensitive ASX Announcement for FAU
Current share price for FAU : $0.006 -0.001 (-7.69%)+
Announcement
Release
7 Aug 2026 6:19PM
Price at Release
$0.007
Full Release
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Summary
First Au Limited announced that its Board has resolved to seek shareholder approval for a 20-to-1 share consolidation. This consolidation will apply to all shares, options, and performance rights on issue. It aims to reduce the number of securities on issue and to provide a capital structure more appropriate for the Company's size and development stage. The consolidation will not alter the underlying value of shareholders' holdings or their proportional ownership in the Company, aside from minor changes due to fractional entitlements. The proposal will be subject to shareholder approval under section 254H of the Corporations Act 2001, with further details to be provided in a Notice of General Meeting.
Key Points
  • Board seeks shareholder approval for 20-to-1 share consolidation.
  • Consolidation applies to all shares, options, and performance rights.
  • Intended to reduce the number of securities and improve capital structure.
  • No alteration to underlying value of shareholders' holdings.
  • Proposal subject to shareholder approval under Corporations Act 2001.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.