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Estrella Resources Limited ( (AU:ESR) ) has shared an update.
Estrella Resources has entered into an underwriting agreement with Lightview Asset Pty Ltd to partially underwrite the exercise of its existing listed options (ASX: ESROB), which are exercisable at $0.018 and expire on 13 December 2026. Under the deal, Lightview will underwrite 111,111,111 options, representing up to $2 million before costs, by subscribing for or procuring subscribers for any shares corresponding to options not exercised by expiry, with a 6% fee on the final underwritten amount; any shortfall shares issued will rely on ASX Listing Rule 7.2 (Exception 10), meaning they will not require shareholder approval or use up the company’s placement capacity, thereby providing greater funding certainty and preserving flexibility for future capital management.
The most recent analyst rating on (AU:ESR) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on Estrella Resources Limited stock, see the AU:ESR Stock Forecast page.
More about Estrella Resources Limited
Estrella Resources Limited is an Australian-listed company on the ASX (ASX: ESR) that has issued quoted listed options (ESROB) to investors, reflecting a capital markets focus typical of small to mid-cap resource sector companies using equity and options to fund ongoing activities and growth.
Average Trading Volume: 2,301,204
Technical Sentiment Signal: Buy
Current Market Cap: A$81.61M
Learn more about ESR stock on TipRanks’ Stock Analysis page.