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Los Cerros ( (AU:LCL) ) has issued an announcement.
LCL Resources Limited has issued and allotted 4,444,444 shares to two of its directors as part of a placement approved by shareholders earlier this month. This move, compliant with the Corporations Act 2001, aims to support ongoing exploration activities in PNG, with results to be disclosed once available, potentially impacting stakeholder value positively.
More about Los Cerros
Los Cerros, operating under the name LCL Resources Limited, is involved in the exploration sector, focusing on projects in Papua New Guinea (PNG). The company is engaged in ongoing exploration activities, including assays and sampling, to assess and maximize the value of its assets for shareholders.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.17M
For a thorough assessment of LCL stock, go to TipRanks’ Stock Analysis page.