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Larvotto Resources Limited ( (AU:LRV) ) has shared an update.
Larvotto Resources Limited has issued 63,854 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 2001, but falls under an exemption as per section 708A(5) of the Act. The company has ensured compliance with relevant provisions of the Act and confirmed no additional information is required for investor assessment. This move allows for the on-sale of these securities without further disclosure, potentially impacting the company’s liquidity and market participation.
More about Larvotto Resources Limited
YTD Price Performance: 38.00%
Average Trading Volume: 4,362,572
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$282.3M
For a thorough assessment of LRV stock, go to TipRanks’ Stock Analysis page.