Fitzroy River Corp. Proposes Capital Return Amid Strong Financial Position

Fitzroy River Corp. Ltd. ( (AU:FZR) ) just unveiled an announcement.

Fitzroy River Corporation Ltd has announced plans to seek shareholder approval for a capital return, distributing 2 cents per share, totaling approximately $2.16 million. This decision reflects the company’s strong cash position and lack of debt, allowing shareholders to decide on investment opportunities with surplus capital. Additionally, the company is awaiting a decision on the Snowy River Gold Project, which could lead to further shareholder distributions if the project proceeds and the royalty option is exercised.

More about Fitzroy River Corp. Ltd.

Fitzroy River Corporation Ltd is a company listed on the Australian Securities Exchange (ASX: FZR). The company is involved in investment activities and holds interests in various projects, including the Snowy River Gold Project. Fitzroy River Corporation focuses on managing its financial resources effectively to benefit its shareholders.

YTD Price Performance: -18.57%

Technical Sentiment Signal: Buy

Current Market Cap: €7.86M

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