Lord Resources Limited (AU:LRD) has released an update.
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Lord Resources Limited has announced a proposed issue of securities, which includes the issuance of 30 million ordinary fully paid shares and a total of 25 million options with exercise prices ranging from $0.10 to $0.12, all expiring on June 15, 2027. This strategic move, scheduled for June 21, 2024, aims to generate capital for the company through a placement or similar securities issue.
For further insights into AU:LRD stock, check out TipRanks’ Stock Analysis page.