ASX has received regulatory approval to introduce new listing rules to enhance disclosure of reserves and resources by ASX-listed mining and oil and gas exploration and production companies.
The new reporting requirements are part of a series of initiatives by ASX that will modernise Australia’s equity capital markets. The initiatives include:
- enhanced reserves and resources reporting
- improved flexibility for small to mid-cap companies to raise additional capital
- streamlined timetables for rights issues
- on-market bookbuild facility
- equity research scheme for small to mid-cap companies
- revised and updated listing rule guidance notes, particularly for continuous disclosure.
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