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Lodestar Minerals ( (AU:LSR) ) just unveiled an update.
Lodestar Minerals has issued 255,574 fully paid ordinary shares following the exercise of options, expanding its share capital base. The company confirmed that these securities were issued without a prospectus under Australian corporate law disclosure exemptions and stated it remains compliant with its financial reporting and continuous disclosure obligations, signaling orderly capital management for investors and regulators.
The notice also confirms there is no excluded information relevant to the new share issue under the Corporations Act. This assurance reduces the risk of undisclosed material information for existing and new shareholders, supporting transparency around the company’s capital structure and governance practices.
The most recent analyst rating on (AU:LSR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Lodestar Minerals stock, see the AU:LSR Stock Forecast page.
More about Lodestar Minerals
Lodestar Minerals Limited (ASX: LSR) is an Australian-listed resources company based in Fremantle, Western Australia. It operates in the minerals exploration and mining sector, issuing fully paid ordinary shares as part of its capital management and funding strategy for its exploration and development activities.
YTD Price Performance: 66.67%
Average Trading Volume: 23,548,715
Technical Sentiment Signal: Sell
Current Market Cap: A$23.26M
See more insights into LSR stock on TipRanks’ Stock Analysis page.