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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an update.
Forrestania Resources Limited has lodged an Appendix 3B with the ASX outlining a proposed issue of ordinary fully paid shares. The company, listed under ticker FRS, has not provided additional operational or industry details in this filing.
The company plans to issue up to 5,956,636 new ordinary fully paid shares via a placement or similar capital-raising mechanism, with a proposed issue date of 31 March 2026. The move signals an intention to raise additional equity capital, which may affect the company’s capital structure and share dilution for existing investors once terms are finalised and the securities are quoted on the ASX.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.46 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: 1,609,914
Technical Sentiment Signal: Buy
Current Market Cap: A$269.1M
For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.