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Frontier Resources Limited ( (AU:LNR) ) has provided an announcement.
Lanthanein Resources Limited has announced an entitlement offer to raise approximately $2.1 million through a non-renounceable pro-rata offer to eligible shareholders in Australia and New Zealand. This offer, which includes free-attaching shares, aims to strengthen the company’s financial position and support its ongoing operations, with new shares issued under the offer ranking equally with existing shares.
More about Frontier Resources Limited
Lanthanein Resources Limited operates in the resources industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the mining sector, with a market focus on expanding its resource base and shareholder value.
Current Market Cap: A$3.67M
See more insights into LNR stock on TipRanks’ Stock Analysis page.