Larvotto Resources Issues New Shares Under Exemption

Story Highlights
Larvotto Resources Issues New Shares Under Exemption

Larvotto Resources Limited ( (AU:LRV) ) has shared an announcement.

Larvotto Resources Limited has issued 31,793 fully paid ordinary shares following the conversion of options at $0.30 per share. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, but falls within the exemption provided by section 708A(5), allowing for the on-sale of these securities. The company confirms compliance with relevant provisions of the Corporations Act and states that there is no undisclosed information affecting the assessment of its financial position or the rights attached to the shares.

More about Larvotto Resources Limited

YTD Price Performance: 83.00%

Average Trading Volume: 4,991,858

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$388.6M

For a thorough assessment of LRV stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App