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On 28 July 2026, Catalina Resources Ltd (ASX:CTN) issued 37,296,866 fully paid ordinary shares alongside 50,000,000 listed options without a disclosure document, utilizing the section 708A exemption of the Corporations Act. The company issued a cleansing notice confirming adherence to continuous disclosure requirements and affirming that no excluded material information exists that could impact investor decisions. This issuance aligns with ASX exemption protocols for securities offered to sophisticated or eligible investors.
Key Points
- Catalina Resources Ltd (ASX:CTN) issued 37,296,866 fully paid ordinary shares and 50,000,000 listed options on 28 July 2026
- Listed options are exercisable at $0.115 per share, expiring on 22 May 2027
- Securities issued under section 708A exemption of the Corporations Act without a disclosure document
- Company confirmed compliance with continuous disclosure obligations under Chapter 2M of the Corporations Act and ASX Listing Rules
- No material information excluded that would affect investor evaluation of company’s financial status or security rights
Overview of Catalina Resources’ Share and Option Issuance
Catalina Resources Ltd announced on 28 July 2026 the issuance of 37,296,866 fully paid ordinary shares along with 50,000,000 listed options exercisable at $0.115 per share. These options will expire on 22 May 2027, offering holders a defined period to convert options into ordinary shares.
Both the shares and options belong to existing ASX-listed security classes, representing additional issuances within already trading instruments. The issuance was structured to leverage legislative exemptions under the Corporations Act, enabling the company to bypass the requirement for a disclosure document.
Application of Section 708A Exemption Under the Corporations Act
Utilizing section 708A of the Corporations Act, Catalina Resources issued securities without lodging a prospectus or product disclosure statement. This exemption is frequently employed by ASX-listed companies issuing securities to sophisticated or institutional investors under specified conditions, streamlining capital raising efforts.
While the exemption simplifies issuance, Catalina Resources remains obligated to comply with continuous disclosure requirements under Chapter 2M and ASX Listing Rules, ensuring investors receive all material information through appropriate channels.
Cleansing Notice Affirms Continuous Disclosure Compliance
Under section 708A(5)(e) of the Corporations Act, Catalina Resources issued a cleansing notice confirming full compliance with continuous disclosure obligations. This notice certifies adherence to Chapter 2M and section 674, which mandate prompt market disclosure of any information likely to materially affect the company’s securities’ value.
The cleansing notice assures that no information has been withheld from continuous disclosure notices and that investors have access to all material details necessary for informed decision-making regarding the company’s assets, liabilities, financial position, and the rights attached to the issued shares and options.
Assurance of No Excluded Material Information
The cleansing notice formally declares that Catalina Resources has not excluded any material information from disclosure that could influence investor assessments. This ensures transparency concerning the company’s financial health, performance, and prospects, as well as the specific rights and liabilities of the issued securities.
Exercise Price and Expiry Details of Listed Options
The 50,000,000 listed options issued carry an exercise price of $0.115 per share and expire on 22 May 2027. This provides option holders approximately ten months to exercise their options before they lapse, a timeframe consistent with typical Australian market option structures.
Option holders should note that unexercised options will expire worthless after the expiry date, terminating all associated rights.
Catalina Resources’ Compliance with Regulatory Obligations
The company confirmed in its cleansing notice compliance with Chapter 2M and section 674 of the Corporations Act, which govern continuous disclosure and member information requirements. Catalina Resources also affirmed that no information has been excluded from continuous disclosure notices per ASX Listing Rules, which allow limited exceptions under defined conditions.
Context of Capital Raising Activity
This issuance of 37,296,866 ordinary shares and 50,000,000 listed options marks a significant capital management step for Catalina Resources. While the specific use of funds was not disclosed, such capital raises typically support operational, exploration, or strategic initiatives within the resources sector.
The dual issuance of shares and options enables immediate capital inflow while offering investors potential future equity upside, balancing dilution and investment incentives. The $0.115 exercise price sets a valuation benchmark relative to market prices at issuance.
Regulatory Procedures and Cleansing Notice Role
Issuing securities under section 708A without a disclosure document requires a subsequent cleansing notice to confirm compliance with disclosure obligations and absence of withheld material information. Catalina Resources’ cleansing notice adheres to this regulatory framework, ensuring transparency and legality in the security issuance process.
Official Release and Investor Contact Information
The cleansing notice was authorized by Catalina Resources’ Board, confirming official company endorsement and governance compliance. For further inquiries, Ross Cotton, Executive Director, is available at +61 (0)8 6188 8181 to assist investors and shareholders with questions regarding the issuance or company matters.
