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Boadicea Director Increases Indirect Stake Through $75,000 Share Placement

Story Highlights
  • Boadicea Resources operates in the resources sector with ordinary shares and listed options.
  • Director Mark Tomlinson indirectly subscribed for 3 million placement shares, lifting his stake and signaling confidence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Boadicea Director Increases Indirect Stake Through $75,000 Share Placement

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Boadicea Resources Ltd. ( (AU:BOA) ) has issued an update.

Boadicea Resources has disclosed a change in director Mark Tomlinson’s relevant interests, with his indirect holding, via the Tomlinson Super Fund account, increasing through the subscription of 3 million ordinary shares at A$0.025 per share for a total consideration of A$75,000. The new shares were issued as placement shares following shareholder approval and lift Tomlinson’s indirect stake to 3 million ordinary shares alongside his existing 2,811,430 listed options, signalling continued insider financial commitment to the company and potentially reinforcing market confidence in its outlook and capital management.

The most recent analyst rating on (AU:BOA) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Boadicea Resources Ltd. stock, see the AU:BOA Stock Forecast page.

More about Boadicea Resources Ltd.

Boadicea Resources Ltd (referred to in the document as BOA Resources Ltd) is an ASX-listed company operating in the resources sector, with its capital structure including ordinary shares and listed options (ticker BOAO) that are exercisable at A$0.10 and form part of its financing and ownership framework.

Average Trading Volume: 572,213

Technical Sentiment Signal: Buy

Current Market Cap: A$4.78M

See more insights into BOA stock on TipRanks’ Stock Analysis page.

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