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Lindian Resources Limited ( (AU:LIN) ) just unveiled an announcement.
Lindian Resources Limited has issued 8,474,811 fully paid ordinary shares following the conversion of options exercisable at $0.30 on or before 9 December 2025, after completing an underwriting of those options. The company stated that the new shares were issued without a prospectus under the Corporations Act’s disclosure exemptions and confirmed it is compliant with its financial reporting and continuous disclosure obligations, with no excluded information requiring release to the market, indicating the capital raise proceeds without additional undisclosed risk signals 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
Average Trading Volume: 9,578,418
Technical Sentiment Signal: Buy
Current Market Cap: A$623.6M
Learn more about LIN stock on TipRanks’ Stock Analysis page.