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Osmond Resources Limited ( (AU:OSM) ) has provided an update.
Osmond Resources Limited has announced a proposed placement and related issue of securities, including 11 million fully paid ordinary shares and a total of 8.25 million unlisted options, each exercisable at $1.20 and expiring on 31 December 2027. The new securities, which are expected to be issued on 19 January 2026, represent a capital-raising initiative that will provide the company with additional funding flexibility and potential future capital through option exercises, thereby strengthening its balance sheet and supporting ongoing operational and strategic objectives for shareholders and other stakeholders.
The most recent analyst rating on (AU:OSM) stock is a Hold with a A$0.72 price target. To see the full list of analyst forecasts on Osmond Resources Limited stock, see the AU:OSM Stock Forecast page.
More about Osmond Resources Limited
Osmond Resources Limited is an Australian-listed company trading on the ASX under the code OSM. While this announcement does not specify its sector, it operates as a publicly listed entity that raises capital via equity placements and options issues to support its corporate and project activities.
Average Trading Volume: 193,056
Technical Sentiment Signal: Hold
Current Market Cap: A$88.92M
For a thorough assessment of OSM stock, go to TipRanks’ Stock Analysis page.