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An update from Forrestania Resources Limited ( (AU:FRS) ) is now available.
Forrestania Resources Limited has issued 42,040,000 ordinary fully paid shares, with 42,000,000 shares issued through a placement at $0.205 per share and 40,000 shares through the exercise of listed options at $0.075 per share. This move is part of the company’s strategy to strengthen its financial position and support its ongoing projects in gold and copper exploration, potentially enhancing its market presence and operational capabilities.
More about Forrestania Resources Limited
Forrestania Resources Limited is an Australian resources company with projects across Forrestania, Southern Cross, and the Eastern Goldfields. The company focuses on gold prospects, with significant projects near the historic Bounty gold mine and the Mungari gold project. It has recently expanded its portfolio with acquisitions in the Forrestania Project area and plans for a maiden copper drill program at Breakaway Dam.
Average Trading Volume: 1,202,450
Technical Sentiment Signal: Buy
Current Market Cap: A$57.8M
See more data about FRS stock on TipRanks’ Stock Analysis page.