Proposed issue of securities - YRL

Yandal Resources Limited has announced a proposed issue of 1,130,954 fully paid ordinary shares. The issue is set for 2nd June 2026 and the securities are being offered to settle amounts owing for drilling services. The issue price for the new shares has been determined based on the 5-day VWAP leading up to the date of the drilling company's invoices.

Investors can expect these new securities to rank equally in all aspects with existing issued securities in the same class. The purpose of issuing these shares is to fulfill obligations under a drill-for-equity agreement as disclosed in the March 2026 Quarterly Activities Report. This agreement allows Yandal to settle up to $250,000 worth of shares for services rendered.

Should you have any questions or seek further clarification regarding this announcement, we welcome you to reach out to us for more details. Join us as we continue to progress and explore our gold projects in the Yandal and Norseman-Wiluna Greenstone Belts in Western Australia.