Proposed issue of Securities - LOT
Filed with ASX · · 7 pages · English
Summary by 6ix AI
Lotus Resources Limited has announced a proposed issue of securities, which includes a placement of ordinary shares and unquoted options. The total number of securities proposed for the placement is significant, with a specific number allocated for options to directors pending shareholder approval. The purpose of this issuance is to fund various operational and development costs, including a restart development study and bond repayments. The proposed issue date for the ordinary shares is set for early March, while the options are expected to be issued in mid-April, contingent on approval.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Lotus Resources Limited on 6ix
Earlier from Lotus Resources
- Appointment of new Managing Director
- High-Grade Rare Earth Oxides at Kayelekera
- December Quarterly Report and Appendix 5B
- Multiple near-mine exploration target areas identified
- Share placement to raise $5 million
Later from Lotus Resources
- Share placement to raise $12.5 million
- Lotus to increase ownership of Kayelekera Project to 85%
- Sale of non-core assets to deliver $2.5M in cash and sha
- Strong initial results from Kayelekera ore sorting
- Ore sorting testwork exceeds expectations
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