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Locksley Resources Limited ( (AU:LKY) ) has shared an announcement.
Locksley Resources Limited has expanded its issued capital through the conversion of 1,700,000 unlisted options into fully paid ordinary shares at $0.10 per share, the issuance of 4,000,000 shares upon meeting performance hurdles attached to existing performance rights, and a further 1,041,500 shares issued in lieu of cash payments to service providers. The company confirmed that these share issues were conducted without a disclosure document under the Corporations Act, while maintaining compliance with its financial reporting and continuous disclosure obligations, signaling routine capital management and incentive-related equity issuance without any undisclosed price-sensitive information for stakeholders.
The most recent analyst rating on (AU:LKY) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Locksley Resources Limited stock, see the AU:LKY Stock Forecast page.
More about Locksley Resources Limited
Locksley Resources Limited (ASX: LKY) is an Australia-listed company whose fully paid ordinary shares are quoted on the Australian Securities Exchange, providing investors with equity exposure to its resource-focused activities.
Average Trading Volume: 7,678,210
Technical Sentiment Signal: Buy
Current Market Cap: A$83.09M
For a thorough assessment of LKY stock, go to TipRanks’ Stock Analysis page.