South West Pinnacle Exploration Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Awaiting price reaction for this filing.
South West Pinnacle Exploration Limited has informed the exchanges that there is no deviation or variation in the use of proceeds raised through a preferential issue of equity shares and share warrants for the quarter ended June 30, 2025. The shares and warrants were allotted on February 21, 2025, following shareholder approval at an Extra-Ordinary General Meeting held on January 2, 2025. Since funds are being used as originally stated, the formal statement of deviation is not applicable. The filing was signed by Vaishali, Company Secretary & Compliance Officer.
This is a routine quarterly compliance filing with no material impact on the stock. The confirmation that proceeds are being used as originally disclosed signals good governance and adherence to stated plans, which is mildly reassuring for shareholders.