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Forrestania Resources Limited ( (AU:FRS) ) has provided an announcement.
Forrestania Resources Limited has issued 262,500 ordinary fully paid shares following the conversion of FRSOB Listed Options at $0.075 per share. This issuance, conducted without disclosure under the Corporations Act, aligns with the company’s compliance with relevant legal provisions. The move reflects Forrestania’s ongoing efforts to strengthen its financial position and support its exploration activities in Western Australia, potentially enhancing its market presence and offering new opportunities for stakeholders.
More about Forrestania Resources Limited
Forrestania Resources Limited is an Australian resources company focused on exploring for 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, the Covalent Mt Holland Lithium Mine, and the Flying Fox and Spotted Quoll nickel mines. Their exploration licenses cover a substantial area within key greenstone belts, indicating potential for significant mineral discoveries.
Average Trading Volume: 1,821,391
Technical Sentiment Signal: Buy
Current Market Cap: A$45.1M
For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.