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Peak Minerals ( (AU:LRM) ) has issued an update.
Lion Rock Minerals has issued 500 million fully paid ordinary shares as Tranche 1 deferred consideration under its acquisition agreements for Minta Resources, African Future Minerals and Rafia Mining, following the achievement of a specified milestone and prior shareholder approval. The company confirmed that the shares were issued without a prospectus under the Corporations Act’s secondary trading provisions, and stated it remains in compliance with its continuous disclosure and financial reporting obligations, indicating no excluded information requiring disclosure at the time of the notice.
More about Peak Minerals
Lion Rock Minerals Limited (ASX: LRM) is an Australian-listed resources company focused on mineral exploration and development, with interests acquired through entities including Minta Resources Pty Ltd, African Future Minerals Pty Ltd and Rafia Mining Pty Ltd.
Average Trading Volume: 4,917,160
Technical Sentiment Signal: Sell
Current Market Cap: A$88.85M
For an in-depth examination of LRM stock, go to TipRanks’ Overview page.