Everest Metals (ASX:EMC) will issue AU$720,000 Junior Minerals Exploration Incentive exploration credits to eligible shareholders for cash investments in shares issued between July 2023 and June 2024, following the lodgment of the company's income tax return for the fiscal year ending June 30, 2024, according to a Friday filing with the Australian bourse.
Exploration credits of AU$0.024 per share for each AU$0.08 share invested will be issued to Australian resident shareholders who participated in the company's AU$2.4 million capital raise in the last quarter of 2023, the filing said.
Shares rose 3% in afternoon trade Friday and earlier reached their highest since July 2023.
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