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Australian Rare Earths Limited (ASX:AR3)

ALERT: Price-sensitive ASX Announcement for AR3
Current share price for AR3 : $0.105 0.005 (5%)+
Announcement
Release
6 Aug 2025 3:39PM
Price at Release
$0.100
Full Release
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Summary
On 17 June 2024, Australian Rare Earths Limited (AR3) responded to a query from the Australian Securities Exchange (ASX) regarding the timing of the cleansing notice issued on 13 June 2024 in connection with the issue of shares pursuant to an institutional placement and share purchase plan. AR3 acknowledged that there was a delay in lodging the cleansing notice under section 708A(5)(e) of the Corporations Act 2001 and explained that this was due to an administrative oversight. The company confirmed that no shares had been traded prior to the lodgement of the cleansing notice and that it will ensure future compliance. The response letter also included confirmations from the company’s directors and secretary that adequate procedures will be implemented to avoid recurrence, and that the company is not aware of any information required to be disclosed under listing rule 3.1.
Key Points
  • Australian Rare Earths Limited responded to the ASX about the timing of a cleansing notice.
  • The cleansing notice was lodged later than required due to an administrative oversight.
  • No shares were traded before the cleansing notice was lodged.
  • The company assured the ASX that future compliance procedures would be strengthened.
  • Directors and secretary confirmed steps will be taken to prevent future delay.
  • The company stated it is not withholding any information required under listing rule 3.1.
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.