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Forrestania Resources Strengthens Financial Position with New Share Issuance

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Forrestania Resources Strengthens Financial Position with New Share Issuance

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Forrestania Resources Limited ( (AU:FRS) ) has shared an update.

Forrestania Resources Limited has issued 1,889,475 ordinary fully paid shares following the conversion of FRSOB Listed Options at $0.075 per share. This move, authorized by the Company Secretary, aligns with compliance under the Corporations Act 2001, ensuring transparency and adherence to ASX Listing Rules. The issuance is part of the company’s ongoing efforts to strengthen its financial position and enhance its exploration capabilities in key mining regions.

More about Forrestania Resources Limited

Forrestania Resources Limited is an Australian resources company focused on exploring gold, copper, and lithium in Western Australia’s Forrestania, Southern Cross, and Eastern Goldfields regions. The company’s projects are strategically located near significant mining operations, including the historic Bounty gold mine and the Covalent Mt Holland Lithium Mine, highlighting its potential in the well-endowed southern Forrestania Greenstone Belt and the Norseman-Wiluna Greenstone Belt of the Yilgarn Craton.

Average Trading Volume: 1,836,858

Technical Sentiment Signal: Buy

Current Market Cap: A$52.92M

See more data about FRS stock on TipRanks’ Stock Analysis page.

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