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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an announcement.
Forrestania Resources Limited has issued a cleansing prospectus to offer up to 1,000 shares at $0.20 each, aiming to raise $200 before expenses. This move is primarily to remove trading restrictions on previously issued shares, ensuring compliance with section 708A(11) of the Corporations Act. The prospectus highlights the speculative nature of the shares and emphasizes the importance of consulting professional advisers before investing. It also underscores the company’s commitment to continuous disclosure obligations as a disclosing entity under the Corporations Act.
More about Forrestania Resources Limited
Average Trading Volume: 1,360,142
Technical Sentiment Signal: Buy
Current Market Cap: A$93.8M
For a thorough assessment of FRS stock, go to TipRanks’ Stock Analysis page.