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Turnstone Resources Ltd (ASX:TSR)

ALERT: Price-sensitive ASX Announcement for TSR
Current share price for TSR : $0.015 -0.008 (-34.78%)+
Announcement
Release
23 Mar 2026 9:38AM
Price at Release
$0.023
Full Release
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Summary
Turnstone Resources Ltd (ASX:TSR) has established an Unmarketable Parcel Sale Facility for shareholders with less than $500 in value of fully paid ordinary shares as of 20 March 2026. This facility is intended to help shareholders sell their shares without incurring brokerage or handling fees. Shareholders with unmarketable parcels need to submit a Share Retention Form by 6 May 2026 if they wish to retain their shares. The sale price for the unmarketable parcels will be based on the volume weighted average price over the 10 trading days prior to the Record Date, determined to be $0.0275 per share. Holders do not need to take action if they wish to sell, as the company will facilitate the sale and provide proceeds via direct credit to their bank accounts. The company reserves the right to modify, suspend, or terminate the facility.
Key Points
  • Turnstone Resources Ltd announced an Unmarketable Parcel Sale Facility.
  • Eligibility is for shareholders holding less than $500 worth of shares as of 20 March 2026.
  • Shareholders wishing to retain shares must submit a retention form by 6 May 2026.
  • The sale price is based on VWAP prior to the Record Date, set at $0.0275 per share.
  • No action required from shareholders who wish to sell; proceeds will be directly credited.
  • Company may modify, suspend, or terminate the facility as needed.
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.