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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an announcement.
Forrestania Resources Limited, listed on the ASX under the code FRS, has notified the market of the issue of a large tranche of unquoted equity securities in the form of options, which are not intended to be quoted on the exchange. The company has issued 23,973,881 unlisted options, each exercisable at $0.24 and expiring on 5 February 2029, under a previously announced transaction, a move that expands its pool of potential future equity capital and may impact the dilution profile and incentive structure for existing stakeholders over the medium term.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
More about Forrestania Resources Limited
Average Trading Volume: 2,300,928
Technical Sentiment Signal: Buy
Current Market Cap: A$471.1M
See more insights into FRS stock on TipRanks’ Stock Analysis page.