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Lotus Resources Limited ( (AU:LOT) ) has issued an announcement.
Lotus Resources Limited has issued 1,687,989 fully paid ordinary shares following the exercise of options by a former employee under its Incentive Option Plan. This issuance was conducted without disclosure to investors under specific sections of the Corporations Act, and the company has complied with all relevant legal provisions, indicating a smooth operational process and potential positive impact on employee engagement and retention.
More about Lotus Resources Limited
Lotus Resources Limited operates in the mining industry, focusing on the exploration and development of uranium projects. The company is listed on the Australian Securities Exchange (ASX: LOT) and the OTCQX market (LTSRF).
Average Trading Volume: 11,431,622
Technical Sentiment Signal: Sell
Current Market Cap: A$425.6M
Learn more about LOT stock on TipRanks’ Stock Analysis page.