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Lord Resources Limited ( (AU:LRD) ) has issued an update.
Lord Resources Limited has announced a pro-rata non-renounceable entitlement issue, offering 1 share for every 1 share held at an issue price of $0.018 per share, aiming to raise up to $1,393,668. This move is part of the company’s strategy to enhance its financial standing, though the shares are considered highly speculative. The offer is limited to shareholders in Australia and New Zealand, reflecting regulatory compliance challenges in other jurisdictions.
More about Lord Resources Limited
Average Trading Volume: 123,038
Technical Sentiment Signal: Sell
Current Market Cap: A$1.7M
Find detailed analytics on LRD stock on TipRanks’ Stock Analysis page.