Haranga Issues 40 Million Shares on Performance Rights Conversion Linked to Seduli Acquisition

Haranga Resources Limited ( (AU:HAR) ) has provided an update.

Haranga Resources Limited has issued 40 million fully paid ordinary shares following the conversion of 20 million Class A and 20 million Class B performance rights, which formed part of the consideration for its 2025 acquisition of Seduli Holdings USA LLC and its wholly owned subsidiary. The company confirmed the new securities were issued without a prospectus under the Corporations Act’s disclosure exemptions, stated it remains compliant with key financial reporting and continuous disclosure provisions, and indicated that drilling at its Lincoln Gold Project is ongoing with results to be released to the market in due course.

The most recent analyst rating on (AU:HAR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Haranga Resources Limited stock, see the AU:HAR Stock Forecast page.

More about Haranga Resources Limited

Haranga Resources Limited (ASX: HAR) is an Australian-listed resources company focused on exploration and development activities, including the Lincoln Gold Project, where it is currently conducting a drilling program and reporting results in line with its continuous disclosure obligations.

Average Trading Volume: 1,909,824

Technical Sentiment Signal: Buy

Current Market Cap: A$60.68M

Learn more about HAR stock on TipRanks’ Stock Analysis page.