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ALBION RESOURCES LIMITED (ALB)

Materials · Historical news and closing prices

Albion Calls AGM As Share Issues Dilute Two Major Holders Below Disclosure Threshold

ALB · Materials · 2026-10-27

Albion Resources has called its annual meeting for November, with resolutions including a proposed 10% placement facility and a refresh of its employee securities plan. David Lee Palumbo ceased to be a substantial holder after dilution from share issues, while Steven Formica’s holding remained unchanged at 10.75 million shares but his voting power fell from 7.56% to 6.08% following dilution. The supplied AGM notice excerpt is truncated.

Closing price · 2026-10-27: $0.055 · +10.00%

Albion Resources Issues Shares From Previously Announced Placement

ALB · Materials · 2026-10-26

Albion Resources issued approximately 32 million ordinary shares for cash under a previously announced placement. The company said further shares and securities from the transaction remain subject to shareholder approval.

Closing price · 2026-10-26: $0.050 · +2.04%