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Lord Resources Limited ( (AU:LRD) ) has provided an update.
Lord Resources Limited has completed its pro-rata non-renounceable Entitlement Offer, raising approximately $568,925.08 through the issuance of 31,606,926 new shares, although this was below the target of $1,393,668. The company plans to allocate the shortfall of 45,819,087 shares at its discretion within three months, potentially impacting its exploration efforts at the Ilgarari Copper Project and engaging stakeholders who have shown interest in the shortfall.
More about Lord Resources Limited
Lord Resources Ltd (ASX: LRD) is an exploration company with a highly prospective portfolio of future-facing metals located within Western Australia, including projects providing exposure to copper, gold, and lithium.
Average Trading Volume: 182,020
Technical Sentiment Signal: Sell
Current Market Cap: A$2.94M
For a thorough assessment of LRD stock, go to TipRanks’ Stock Analysis page.