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The latest update is out from Peak Minerals ( (AU:LRM) ).
Lion Rock Minerals has disclosed a significant increase in the indirect shareholding of director Phillip Gallagher following the issue of Tranche 1 deferred consideration shares tied to a previously approved acquisition. Through Dogbolter Pty Ltd, where he serves as a director, Gallagher’s holding rose from 130,624,987 to 249,374,975 fully paid ordinary shares, with the new shares issued as non-cash consideration in line with shareholder approvals from 2024 and 2025, further consolidating his stake and aligning his interests more closely with the company’s long-term transaction strategy.
More about Peak Minerals
Lion Rock Minerals Limited is an Australian-listed resources company operating in the minerals exploration and development sector. The company focuses on acquiring and advancing mineral projects, with its shares traded as fully paid ordinary securities on the ASX.
YTD Price Performance: 10.71%
Average Trading Volume: 4,711,268
Technical Sentiment Signal: Sell
Current Market Cap: A$110.5M
For detailed information about LRM stock, go to TipRanks’ Stock Analysis page.