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An update from Lindian Resources Limited ( (AU:LIN) ) is now available.
Lindian Resources has issued 154,641,024 fully paid ordinary shares following the completion of a placement and the conversion of options and incentive rights. The company confirmed the shares were issued without a disclosure document under the Corporations Act, while stating it remains compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information that would need to be provided to investors.
The notice reassures shareholders and the market that the expanded share capital has been created in accordance with Australian corporate and securities law. By outlining its compliance with key statutory provisions and affirming the absence of undisclosed material information, Lindian aims to provide transparency around the capital raising and reduce regulatory and information-risk concerns for investors.
The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.91 price target. To see the full list of analyst forecasts on Lindian Resources Limited stock, see the AU:LIN Stock Forecast page.
More about Lindian Resources Limited
Lindian Resources Limited is an Australia-listed company on the ASX under the ticker LIN. It operates in the resources sector, issuing fully paid ordinary shares as part of its capital management and financing activities to support its corporate and project needs.
YTD Price Performance: 118.07%
Average Trading Volume: 10,129,327
Technical Sentiment Signal: Buy
Current Market Cap: A$1.51B
For detailed information about LIN stock, go to TipRanks’ Stock Analysis page.