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Frontier Resources Limited ( (AU:LNR) ) just unveiled an announcement.
Lanthanein Resources Ltd has announced a pro-rata non-renounceable entitlement issue to raise up to $2,107,636 through the issuance of new shares. This offer is fully underwritten by Inyati Capital Pty Ltd and includes a proposed consolidation of the company’s issued capital, pending shareholder approval. The offer, however, is not contingent on the approval of this consolidation. The prospectus highlights the speculative nature of the securities and advises potential investors to seek professional advice.
More about Frontier Resources Limited
Lanthanein Resources Ltd, soon to be renamed Fortuna Metals Ltd, operates in the resources sector, focusing on the exploration and development of mineral resources. The company is involved in the issuance of shares and options as part of its financial strategies.
Current Market Cap: A$2.81M
For a thorough assessment of LNR stock, go to TipRanks’ Stock Analysis page.