The latest update is out from Forrestania Resources Limited ( ($AU:FRS) ).
Forrestania Resources Limited has issued 18,491,000 ordinary fully paid shares as part of Tranche 1 of a placement announced earlier in February 2025. The shares were issued at $0.01 each and an application for quotation on the ASX has been lodged. This move supports the company’s capital-raising efforts to fund its ongoing exploration activities. The announcement underscores the company’s compliance with the Corporations Act and ASX listing rules, ensuring transparency and adherence to regulatory standards, which may bolster investor confidence.
More about Forrestania Resources Limited
Forrestania Resources Limited operates in the resource sector. The company is primarily focused on the exploration and development of mineral resources, including lithium and gold, with a strategic emphasis on projects located in Western Australia.
YTD Price Performance: 160.0%
Average Trading Volume: 1,623,165
Technical Sentiment Consensus Rating: Sell
For a thorough assessment of FRS stock, go to TipRanks’ Stock Analysis page.
