Lodestar Minerals Limited (Lodestar or the Company)(ASX:LSR) advises that the Entitlements Issue announced on 6 June 2024 closed at 5.00pm (AWST) on Monday 8 July 2024.
The total amount raised from the offer acceptances and the shortfall applications was $577,382. Proceeds raised enable the company to continue with planned drilling and other exploration at its three projects. The Company received acceptances for 316,661,808 new fully paid ordinary shares (and 158,330,904 free-attaching options exercisable at $0.003 on or before 30 June 2026) from 218 shareholders raising a total of $316,662 before costs.
A further 260,720,817 shares (and 130,360,409 free-attaching options) were applied for from the shortfall arising on the issue for a further raising of $260,720 before costs. The total amount raised was $771,549 less than the maximum amount possible of $1,348,931 if the entitlements issue had been fully subscribed. The Company has commenced seeking applicants for allocation of the shortfall.
Contact:
Tel: +61 8 9435 3200
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