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Finder Energy Holdings Limited ( (AU:FDR) ) has shared an announcement.
Finder Energy Holdings Limited has issued 14,067,568 fully paid ordinary shares at an exercise price of $0.37 each to company directors and substantial shareholder Longreach Capital Investment Pty Ltd (or its nominees), as part of a previously announced capital arrangement. The company has confirmed that these Tranche 2 shares were issued without a prospectus under the relevant provisions of the Corporations Act, that it is compliant with its financial reporting and continuous disclosure obligations, and that there is no excluded information, thereby enabling the new shares to be freely tradable and reinforcing regulatory transparency for existing and new investors.
The most recent analyst rating on (AU:FDR) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Finder Energy Holdings Limited stock, see the AU:FDR Stock Forecast page.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited is an Australian-listed energy company operating in the resources sector, with its shares traded on the ASX under the code FDR.
Average Trading Volume: 978,192
Technical Sentiment Signal: Buy
Current Market Cap: A$168.2M
For an in-depth examination of FDR stock, go to TipRanks’ Overview page.