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Forrestania Resources Limited ( (AU:FRS) ) has shared an update.
Forrestania Resources Limited has issued 680,094 ordinary fully paid shares following the conversion of FRSOB Listed Options at $0.075 per share. This transaction, which has been lodged with the ASX for quotation, reflects the company’s ongoing compliance with relevant corporate regulations and its commitment to maintaining transparency with investors. The issuance of these shares is part of the company’s broader strategy to enhance its financial position and support its resource exploration and development activities.
More about Forrestania Resources Limited
Forrestania Resources Limited is an Australian resources company with projects in Forrestania, Southern Cross, and the Eastern Goldfields. The company focuses on gold prospects, including the Forrestania Project area, which hosts several gold deposits near the historic Bounty gold mine. It has recently expanded its portfolio with acquisitions such as British Hill, North Ironcap, Lady Ada, and Lady Magdalene, complementing its existing Lady Lila gold deposit. Additionally, the Bonnie Vale project, including the Ada Ann gold deposit, is strategically located near the Mungari gold project, and the company is planning a maiden copper drill program at the Breakaway Dam project.
Average Trading Volume: 1,167,465
Technical Sentiment Signal: Buy
Current Market Cap: A$59.28M
For a thorough assessment of FRS stock, go to TipRanks’ Stock Analysis page.