Krakatoa Resources Ltd. (AU:KTA) has released an update.
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Krakatoa Resources Ltd. is set to issue new securities, including 20 million options with a $0.05 exercise price and 45 million performance rights that vest when the company’s stock trades at 5 cents. Additionally, the company plans to issue over 148 million ordinary shares, with all securities scheduled for issuance on December 13, 2024. This move aims to bolster the company’s financial position and attract strategic investment.
For further insights into AU:KTA stock, check out TipRanks’ Stock Analysis page.