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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has shared an announcement.
Legacy Minerals Holdings Ltd has issued 19,527,436 new fully paid ordinary shares following the exercise of an equivalent number of listed options (ASX: LGMO) at an exercise price of A$0.205 per share, with exercises occurring between 22 and 30 January 2026. The share issuance, conducted without a prospectus under the Corporations Act’s cleansing provisions, strengthens the company’s capital base while confirming its ongoing compliance with financial reporting and continuous disclosure obligations, providing transparency and assurance to existing and new investors about the integrity of the new equity on issue.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
More about Legacy Minerals Holdings Ltd.
Legacy Minerals Holdings Ltd, listed on the ASX under the code LGM, operates in the minerals exploration sector, focusing on the acquisition and development of mineral projects in Australia. The company issues fully paid ordinary shares and listed options as part of its capital management and funding strategy to advance its exploration activities.
Average Trading Volume: 523,463
Technical Sentiment Signal: Buy
Current Market Cap: A$41.18M
See more insights into LGM stock on TipRanks’ Stock Analysis page.