Legacy Iron Ore Ltd (AU:LCY) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Legacy Iron Ore Ltd is currently navigating the suspension of its securities on the ASX as it works towards compliance with listing rules. In a bid to raise approximately $24.24 million, the company plans to launch an accelerated entitlement offer, with funds earmarked for key projects including the Mt Bevan iron ore project. The suspension is expected to stay until mid-November, aligning with the completion of the offer.
For further insights into AU:LCY stock, check out TipRanks’ Stock Analysis page.