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The latest announcement is out from Forrestania Resources Limited ( (AU:FRS) ).
Forrestania Resources Limited has announced a proposed issue of securities under a securities purchase plan, with a maximum of 11,428,572 ordinary fully paid securities to be issued. This initiative is part of the company’s strategy to raise capital, potentially enhancing its financial position and supporting its ongoing operations and growth within the mining industry.
More about Forrestania Resources Limited
Forrestania Resources Limited operates in the resources industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction and production of valuable minerals, positioning itself within the mining sector.
Average Trading Volume: 1,360,142
Technical Sentiment Signal: Buy
Current Market Cap: A$93.8M
See more insights into FRS stock on TipRanks’ Stock Analysis page.