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An announcement from Forrestania Resources Limited ( (AU:FRS) ) is now available.
Forrestania Resources Limited has issued 515,000 ordinary fully paid shares, with 500,000 shares resulting from the exercise of performance rights under the company’s Employee Securities Incentive Plan, and 15,000 shares from the conversion of listed options. This issuance, compliant with ASX Listing Rules, reflects the company’s ongoing efforts to incentivize employees and manage its capital structure, potentially impacting its financial positioning and stakeholder interests.
More about Forrestania Resources Limited
Forrestania Resources Limited is an Australian resources company focused on exploring gold, copper, and lithium in the Forrestania, Southern Cross, and Eastern Goldfields regions of Western Australia. The company’s projects are strategically located near significant mining operations, including the historic Bounty gold mine and the Covalent Mt Holland Lithium Mine, as well as the Flying Fox and Spotted Quoll nickel mines.
Average Trading Volume: 2,230,466
Technical Sentiment Signal: Buy
Current Market Cap: A$24.22M
Learn more about FRS stock on TipRanks’ Stock Analysis page.